Answer the following statement(s) true (T) or false (F)
1. Filing articles of organization authorizes a limited liability company to transact business in every jurisdiction in the United States.
2. Most limited liability companies are not subject to federal securities regulation.
3. A few states impose corporate income taxes on limited liability companies.
4. In a derivative action, the cause of action belongs to the individual shareholder.
1. FALSE
2. TRUE
3. TRUE
4. FALSE
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Value is some type of utility that a company and its products provide for customers.
Answer the following statement true (T) or false (F)
Indicate whether each of the following statements about financial statement analysis is true or false.________ a) Both dividends and earnings performance are indicators of the value of a company's stock.________ b) The most widely quoted measure of a company's earnings performance is return on equity.________ c) Earnings per share is calculated for a company's common stock.________ d) Investors need to understand that the value of a company's earnings per share is affected by its choices of accounting principles and assumptions.________ e) The book value per share measures the market value of a corporation's stock.
What will be an ideal response?
Japanese law prohibits the storage of more than 50 pounds of explosive at any single site in the nation. Every night Universal Studios Japan hosts a fireworks display. The theme park recently came under government investigation when allegations were made that the park was detonating more than 50 pounds of explosives in its nightly fireworks displays. If the allegations are true, in terms of the pyramid of corporate social responsibility, then Universal Studios Japan is not operating at a(n) _____ responsibility level.
A. legal B. philanthropic C. ethical D. economic E. cultural
Spotted Frog Winery California, produces 75,000 cases of wine a year. It employs 52 full-time workers and, during harvest, another 25 people as pickers. During the 2011 harvest, some employees were unhappy about working conditions and discussed unionizing. They contacted the Winery Workers of America (WWA) for help. Spotted Frog management was upset. If it had to pay workers more (as the union
promised), the winery would lose its slim profits. Believing he was acting correctly, the president distributed a memo stating that any employee caught discussing unionization would be fired. Pierre, the wine master at Spotted Frog, was furious about the memo and became an advocate for the union cause. Management would not fire Pierre because he gave their wine its unique taste. But they did fire ten employees who spoke with Pierre. WWA collected authorization cards from employees, requested a representation election, and won a close election. The union, with Pierre as its agent, began negotiating a collective bargaining agreement. Negotiations went badly as the management rejected every proposal. WWA called a strike against Spotted Frog. After two weeks, management caved in and signed a contract, so its employees returned to work. As Pierre entered the winery, he did not see some grape skins on the floor. He slipped and was injured. At least what fraction of the Spotted Frog employees must vote in favor of WWA being their collective bargaining representative for the union to be certified by the NLRB? a. 30% b. 50% c. 60% d. 66% e. 75%