A public corporation must have at least three directors, two of whom are outside directors. An outside director is someone who is:
A) Not an officer
B) Not an employee
C) Neither an officer nor an employee
D) Not a shareholder
E) Also a director of another corporation
C
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Which of the following governing positions or structures is common in worker cooperatives?
a. a general assembly b. a CEO c. a vice-president d. a stock-option board
Which of the following describes Phase 1 of the emergence of a third culture?
A. Initial contact may result in the person withdrawing from the other person (or culture). B. The parties evaluate the need for continued interaction. C. Norms for interaction have evolved to the point where they feel “natural” to both parties. D. Interdependence results in more nuanced development and maintenance of a third culture.
Albion sold Holly a motorcycle on credit. A security agreement was signed, but Albion failed to file it. Holly claims the security agreement is invalid. Is Holly correct?
A corporation and a limited partnership are similar in that each passes profits or losses to its owners for tax purposes
Indicate whether the statement is true or false