A shareholder of one-third of all the stock in a corporation would be entitled to one-third of all corporate assets of an ongoing company
Indicate whether the statement is true or false
False
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The statement, "I'll place that order for six pallets of potting soil right now," is an example of an unethical close.
Answer the following statement true (T) or false (F)
In a ________ marketing system, two or more unrelated companies put together resources or programs to exploit an emerging marketing opportunity
A) reverse flow B) vertical C) horizontal D) lateral E) forward flow
If a corporation has only one class of stock, it is ________ stock.
A. preferred B. convertible C. cumulative D. common
Answer the following statements true (T) or false (F)
1. A partnership is a business with two or more owners that is legally organized as a corporation. 2. The articles of partnership is a written contract between partners that specifies the name, location, and nature of the business; the duties of each partner; and the method of sharing profits and losses among the partners. 3. A written partnership agreement is also known as the articles of partnership. 4. The addition of a new partner to a firm does not dissolve the old partnership. 5. Mutual agency means that any partner can legally bind the other partners and the partnership to business contracts within the scope of the business's regular operations.