The balance sheet value of a firm's assets minus the balance sheet amount of its liabilities is known as
A) par value.
B) book value.
C) liquidation value.
D) market value.
Answer: B
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A duty that directors and officers have not to act adversely to the interests of the corporation and to subordinate their personal interests to those of the corporation and its shareholders is known as ________
A) duty of care B) duty of loyalty C) duty of obedience D) self-dealing
The Lending Club removed CEO Renaud Laplanche in 2016. Hans Morris, the company executive chairman, lauded him, saying his entrepreneurial spirit was critical to the success of the firm. But he also signaled the board was removing Mr. Laplanche because he had failed to build a strong control system and culture, stating that as a public company that provides a financial service, Lending Club must meet the industry high standards of transparency and disclosure. This kind of dismissal signals what message to the public?
A. Mr. Laplanche was not a creative entrepreneur. B. Mr. Laplanche was dishonest. C. The board of directors is active and engaged. D. The board of directors needed a scapegoat to cover up their ineffectiveness.
In their attempts to forestall harm in risky venues, multinational companies must thoroughly evaluate the political environment, install modern security systems, compile a crisis handbook, and ________.
A. go on the offensive B. establish an effective bargaining position C. appeal to the religious leaders in the country D. prepare employees for situations that may arise
Commercial Property Policies are a type of Personal Lines Insurance
Indicate whether the statement is true or false