Ultra vires means:
A) "a bad violation of law."
B) "beyond its powers."
C) "arbitrary."
D) "capricious."
B
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Use this information to answer the following question. These facts concern the long-term stock investments of Alpha Corporation: June 1, 2009 Paid cash for the following long-term investment: 5,000 shares Carey Corporation common stock (representing 5 percent of outstanding stock) at $40 per share; 3,000 shares Burns Corporation common stock (representing 3 percent of outstanding stock) at $24
per share. Dec. 31, 2009 Quoted market prices at year end: Carey common stock, $35; Burns common stock, $27. April 1, 2010 A change in policy required the sale of 1,000 shares of Carey Corporation common stock at $38. July 1, 2010 Received a cash dividend from Burns Corporation equal to $.30 per share. Dec. 31, 2010 Quoted market prices at year end: Carey common stock, $39; Burns common stock, $22. The entry to record the purchase of the Carey Corporation common stock is: a. Long-Term Investments 272,000 Cash 272,000 b. Long-Term Investments 120,000 Cash 120,000 c. Long-Term Investments 72,000 Cash 72,000 d. Long-Term Investments 200,000 Cash 200,000
Resistance to change varies in its ______.
a. intensity, attitude, and facts b. intensity, source, and focus c. urgency, source, and commitment d. focus, urgency, and facts
It is considered unethical to copy press pick-ups and include them in press kits or on a firm's Web site
Indicate whether the statement is true or false