To be a close corporation, the business must be small, with no more than 20 owners and no more than $500,000 in gross annual income
a. True
b. False
Indicate whether the statement is true or false
False
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The outcome of the forecasting process is most essential to which of the following?
A) aligning the marketing mix with the company's mission B) predicting competitors' strategies C) analyzing customer behaviors D) identifying target audiences E) exploring alternative marketing strategies
Which of the following management tools is a key component of target costing?
A. Value engineering. B. Goal programming. C. Linear programming. D. Management simulation. E. Performance reporting systems.
Joe contracts with Phil to set fire to Joe's warehouse so he can collect the insurance money, but then Joe refuses to pay Phil for his work. This contract is unenforceable
a. True b. False Indicate whether the statement is true or false
Water Pollution. Taylor Bay Protective Association is a nonprofit corporation established for the purpose of restoring and improving the water quality of Taylor Bay. Local water districts began operating a flood-control project in the area. As part of
the project, a pumping station was developed. Testimony at trial revealed that the pumps were operated contrary to the in-structions provided in the operation and maintenance manual. The pumps acted as vacuums, sucking up silt and depositing the silt in Taylor Bay. Thus, the project resulted in sedimentation and turbidity (a condition of having dense, stirred-up particles) problems in the downstream wa-tercourse of Taylor Bay. The association sued the local water districts, alleging that the pump-ing operations created a nuisance. Do the pumping operations qualify as a common law nui-sance? Who should be responsible for the cleanup costs? Discuss both questions fully.