Orsais a shareholder inPickles& PreservesCorporation. In some states, Orsamay be liable to the firm's creditors for unpaid corporate debts if she
a. accepts a dividend knowing that it was paid from retained earn¬ings.
b. receives shares issued by the firmfor less than fair-market value.
c. fails to fulfill her fiduciary duty to the majority shareholders.
d. sellsher shares.
B
You might also like to view...
Each product will have a life cycle, although its exact shape and length is not known in advance. Briefly explain each phase of the product life cycle
What will be an ideal response?
Which of the following factors would most likely lead to a company initiating a price cut?
A) over-demand B) weakened economy C) poor competition D) cost inflation E) weak price competition
Generally, as marketers go down the economic and social strata in each country, they will tend to find
A. greater government support and thus disposable income for each succeeding lower stratum. B. dissimilarities among countries in social and cultural values. C. similarities among countries in social and cultural values. D. no significant differences in social and cultural values.
What concept is defined as the ability to meet the needs of current supply chain members without hindering the ability to meet the needs of future generations in terms of economic, environmental, and social challenges?
a. Sustainability b. Ethical purchasing c. Corporate social responsibility d. Business ethics