The two most fundamental aspects of a corporation (as a form of business organization) that lead to not only tremendous economies of scale and scope (as a positive) but also are linked to the
financing problems that we address in the course (as a negative) are:
a. the separation of ownership and control AND private ownership.
b. limited liability AND private ownership.
c. the separation of ownership and control AND limited liability.
d. private ownership AND leverage.
C
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The event that signals the start of anaphase is
A. a cleavage furrow starts to form. B. migration of the centrioles to opposite poles of the nuclear space. C. asters disappear. D. division of the centromeres to separate sister chromatids.
EcoBean, a chain of cafes, has introduced a Special Shopper Card that allows customers to pay in advance for coffee and snacks. This effort by EcoBean management is most likely an example of ________
A) market development B) product development C) diversification D) market penetration E) product adaptation
The common defense available in a Section 11 action of the Securities Act of 1933 is:
A) The private placement defense. B) The reasonable person defense. C) The de facto compliance defense. D) The no injury to plaintiff defense. E) The due diligence defense.
All but which of the following may be used as collateral in a secured transaction under UCC Article 9?
a. Stocks and bonds b. Personal injury tort claims of individuals c. Intellectual property rights d. A computer program if, by purchasing a computer, the buyer of the computer acquires the right to use that embedded program