A disadvantage of the corporate form of business entity is:
A) mutual agency for stockholders.
B) unlimited liability for stockholders.
C) corporations are subject to more governmental regulations.
D) the ease of transfer of ownership.
C
You might also like to view...
According to the Copyright Act of 1976, an "original work of authorship" has protection from the moment the work is created in which of the following fixed forms?
A) songs, including words and music B) social media C) short slogans D) symbols
Contract law is grounded in ________
A) state and federal case law and statutes including the Uniform Commercial Code B) state and federal case law that now supersedes the Uniform Commercial Code C) the Uniform Commercial Code alone, which now supersedes state and federal case law D) the Commerce Clause of the U. S. Constitution
Charter Corporation manufactures a single product that has a cost of $350. The company uses a 70% markup on cost to arrive at a selling price of $595, which results in a price that virtually always exceeds that of the market leaders. If Charter changes to the approach known as target costing, the company will first:
A. trim its $350 cost. B. change the markup so that it is based on sales rather than based on cost. C. attempt to re-engineer its product. D. undertake a thorough study of competitors' prices. E. reduce its 70% markup rate.
A party to a contract may be entitled to relief even if he is contributorily negligent in relying on a fraudulent misrepresentation
Indicate whether the statement is true or false