In a derivative lawsuit, the named plaintiff
a. is the corporation on whose behalf the lawsuit is filed.
b. is the particular class of shareholders primarily injured by the wrong.
c. consists of all the corporation's shareholders.
d. is the board of directors for the corporation.
a
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The general journal is a collection of all accounts and their balances.
Answer the following statement true (T) or false (F)
The manager of a profit center should not be responsible for which of the following types of decisions?
A) Deciding which supplier should be used for the purchase of direct materials. B) Establishing the number of employees that will need to work each day. C) Deciding whether or not their segment should purchase additional machinery. D) Deciding whether or not to accept a special order from a customer.
Most of the union organizing, negotiating, and grievance handling is done by ____________________.
A. the AFL-CIO B. local and national unions C. company associations D. the ICFTU
Analysts look for red flags in financial statements that may signal financial trouble. Which of the following is a red flag that suggests that a company may be in trouble?
A) a decline in days' sales in inventory B) a decrease in dividend payout ratio from year to year C) a reduction in the debt ratio D) net cash flow from operating activities is consistently lower than net income