Briefly explain the term pyramid in the context of corporate control.
What will be an ideal response?
In a pyramid structure, corporate control is exercised through a sequence of controlling positions in several layers of companies. The actual operating companies are at the bottom of the pyramid. Above each operating company is a first holding company, then a second holding company, and so on. Pyramids are common in Asian countries as well as in several European countries.
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________ is a law in which the court orders a fair sharing of marital property to the divorcing spouses and the fair share need not be an equal share
A) Community property distribution B) Equitable distribution C) Equal asset distribution D) Marital distribution
______ describes perceptions of consistent and dependable behavior.
A. Reliability B. Civility C. Integrity D. Appreciative inquiry
Potter has received a special order for 10,000 units of its product at a special price of $24. The product normally sells for $32 and has the following manufacturing costs: Per unitDirect materials $9.60Direct labor 4.80Variable manufacturing overhead 3.20Fixed manufacturing overhead 9.60Unit cost $27.20Potter is currently operating at full capacity and cannot fill the order without harming normal production and sales. If Potter accepts the order, what effect will the order have on the company's short-term profit?
A. $64,000 increase B. $16,000 increase C. $80,000 decrease D. $64,000 decrease
In TVM, typically you find the following compounding periods (compounding frequency) per year. What does 12 times per year mean?
A) Annual B) Semiannual C) Quarterly D) Daily E) Monthly