Which of the following is not characteristic of a corporation?
A) The financial loss that a stockholder may suffer from owning stock in a public company is limited.
B) Cash dividends paid by a corporation are deductible as expenses by the corporation.
C) A corporation can own property in its name.
D) Corporations are required to file federal income tax returns.
B
You might also like to view...
The balance in the Work in Process Inventory account on April 1 was $26,800, and the balance on April 30 was $22,600 . Costs incurred during the month were as follows: direct materials, $41,250; direct labor, $21,300; and overhead, $32,600 . What amount was transferred to the Finished Goods Inventory account for April?
a. $99,350 b. $4,200 c. $90,350 d. $121,950
A firm incurs $100 to manufacture an office table. It fixes the market price of the table as $250, and discounts the price to $200. However, the maximum a person is willing to pay for it is $180. What is the amount of total perceived consumer benefits in this scenario?
A. $100 B. $180 C. $250 D. $200
A potential customer watches a TV ad for the new BMW 7-series sedan during the highly-rated Academy Awards program. In the traditional communication model, the potential customer is the
A. encoder. B. source. C. receiver. D. message channel.
Scenario B. Eco Lawn Care Corp., a company that manufacturers environmentally friendly lawn care products, has been operating as a business for a year. The CEO, Markus, started his venture by deciding on the activities that would be involved and what his goals and objectives for the business were. He then started to recruit professional chemists and other personnel and grouped them according to their responsibilities. Every month Markus conducts a meeting where he brings attention to those who are doing good work and motivates everyone to achieve organizational goals. He also checks the daily productivity of each of the workers, monitoring them and providing training to those with low productivity.By recognizing good performers and motivating them toward achieving organizational goals,
Markus performs the ________ function of management. A. leading B. decision making C. organizing D. controlling E. planning