Because ______ corporations have a more restricted range of powers than business corporations, actions not authorized by their corporate charters are more likely to be found ______
A) nonprofit, ultra vires.
B) subchapter S, illegal.
C) a benefit, ultra vires
D) professional, illegal.
A
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As the number of negotiators increases, the likelihood of finding common ground to satisfy all interests usually increases as well, thus making group negotiations more successful than a negotiating dyad.
Answer the following statement true (T) or false (F)
Which of the following statements concerning the proposed optional federal charter for life insurers is (are) true?
I. Large insurers operating in many states would more likely prefer a state charter while smaller, regional, insurers would more likely choose a federal charter. II. Proponents of the federal charter argue that it would speed the development and approval of new products. A) I only B) II only C) both I and II D) neither I nor II
Jed bought a truck at the beginning of the year for $18,750. The truck has an estimated life of 6 years and a salvage value of $4,500 at the end of the 6-year period. What is the depreciation using the straight-line method?
Goodwill is:
A. The value of a business as a whole, over and above the value of its net identifiable assets. B. Recorded when created internally through advertising expense. C. Amortized over the greater of its estimated life or forty years. D. Only recorded by the seller of a business.