With a right of survivorship the proceeds in a joint bank account pass to the surviving account owner
Indicate whether the statement is true or false.
TRUE
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Which of the following statements is true of the lawsuits in which minority shareholders complain that they have been unfairly treated by the directors?
A. The business judgment rule cannot be applied to such lawsuits. B. These suits can claim a freeze-out. C. Minority shareholders will always win such suits. D. These suits always involve open corporations.
Several factors are considered in deciding whether or not to investigate fraud. Which of the following is NOT one of them?
a. The signal that investigation or noninvestigation will send to others in the organization. b. Perceived cost of the investigation. c. Exposure or amount that could have been taken. d. Perceived strength of the predication. e. Preparation of a surveillance log.
Which of the following terms is incorrectly paired with its description?
A. Plan: recognize an opportunity for a financial investment. B. Do: test the change by implementing a small-scale pilot study. C. Check: review/analyze test results and identify lessons learned. D. Act: take action based on what was learned from the previous step.
Usually firms treat small-percentage distributions, say less than a 25% increase in the number of shares, as stock dividends and larger ones as stock splits
Indicate whether the statement is true or false