Fact Pattern 40-1ARuben is a shareholder of Speed Bikes Company (SBC). When the directors fail to undertake an action to redress a wrong suffered by SBC, Ruben files a suit on the firm's behalf.Refer to Fact Pattern 40-1A. Any damages recovered by Ruben's suit will normally go to
A. Ruben.
B. SBC.
C. SBC's directors.
D. the state in which SBC is incorporated.
Answer: B
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Robert is the CEO of a small firm which manufactures inverters. Company sales have been increasing, and Robert finds it increasingly difficult to manage the salespeople. The company has a sufficient number of salespeople, but they are not able to reach all current and potential customers. Robert also has difficulties in evaluating the performance of salespeople. What advice can you give Robert?
A. Robert can ask the salespeople to work overtime to obtain better coverage. B. Robert can ask salespeople to report directly to him, and he can use the authoritative management style. C. Robert can appoint more supervisors for managing and evaluating the sales force. D. Robert can manage the salespeople by assigning each of them to different groups of customers. E. Robert can hire more salespeople to have better sales coverage.
Ramelson Inc. features photographs of celebrities wearing Ramelson clothes and shoes on its Web site. The company uses these celebrities to promote its products as it believes that celebrities can influence customers' buying decisions. These celebrities serve as _____.
a. opinion leaders b. aspirational reference groups c. nonaspirational reference groups d. decision makers
On March 1, 2016, Emerson Services issued a 4% long-term notes payable for $16,000
It is payable over a 4-year term in $4,000 annual principal payments on March 1 of each year plus interest, beginning March 1, 2017. Each yearly installment will include both principal repayment of $4,000 and interest payment for the preceding one-year period. On March 1, 2017, ________. The accounting period ends on December 31. A) Emerson must accrue $4,000 of Interest Expense B) Emerson must accrue the coming $4,000 as the current portion of principal payment C) Emerson must pay $640 of interest to the note holder D) Emerson will receive $4,000 as an installment payment
The means test forces more people to file for Chapter 7 bankruptcy rather than gave their debts discharged under Chapter 13
a. True b. False Indicate whether the statement is true or false