Mike is planning on incorporating his business in the state of Delaware. Which of the following regarding the name of Mike's business is TRUE?

A) He will be able to use the words "Association" or "Institute" in his company name.
B) He will not be able to use the word "Limited" in his company name.
C) His company name will not have to include one of the following words: Corporation, Incorporated, Company or Limited.
D) His company name can be the same as another corporation that already exists in Delaware.


A

Business

You might also like to view...

In terms of personality, an extrovert is likely to display each of the following characteristics within the buying center, except:

A) spends more time talking within the buying center B) becomes more involved in the buying process C) will not ask important questions D) will not listen to others in the group

Business

What is meant by the concept of "activity" as it relates to turnover ratios? Explain

Business

All of the following are features of a standard cost system except:

a. Standards should not be adjusted. b. Standards provide incentives for workers to keep costs in line. c. Comparisons between actual and standard are more effective than comparisons between actual costs of the current period and those of the prior period. d. A standard cost system focuses management attention on materials prices and usages.

Business

Rhodes, a college student, wants to purchase a motorcycle on credit from Landier Motors. He does not have sufficient income or the credit history to justify the extension of credit to him alone

Rhodes asks his father to cosign a note to Landier Motors, which he does. What kind of liability does Rhodes's father come under? A) secondary liability B) primary liability C) fringe liability D) warranty liability

Business