Who has the right to manage the business of a corporation?
a. Shareholders.
b. Officers.
c. Bondholders.
d. The board of directors.
d
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Andrews Corporation adopted an accounting principle that is a material departure from GAAP. The auditor determined that the financial statements are fairly presented, except for this specifically identifiable GAAP departure, and therefore would issue a disclaimer of opinion
a. True b. False Indicate whether the statement is true or false
Should Phil Fang accept Wang Meng’s offer to use his vend carts to increase wholesale sales?
What will be an ideal response?
An exculpatory clause must be reciprocal to be considered enforceable
Indicate whether the statement is true or false
At one point, good PC software for producing digital videos was not available, but it was much in demand by businesses. The first companies to produce a specific type of program had good sales even though they did little promotion and their programs were not "user-friendly." It seemed that many of these "innovators" operated as if they were in the ________ era.
A. simple trade B. marketing company C. marketing department D. sales E. production