Explain the difference between authorized, issued, and outstanding shares
The corporation charter specifies a number of shares that are said to be authorized. This is the maximum number of shares that can be issued. If the corporation wishes to issue shares in excess of this number, the charter must be amended. Issued shares are those which have been sold or transferred to stockholders. Outstanding shares are those which have been issued and are still in the hands of stockholders.
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What are the effects on the accounting equation from the purchase of a short-term investment?
a. Assets and stockholders' equity decrease. b. No effects—assets increase and decrease by the same amount. c. Assets and liabilities decrease. d. Stockholders' equity decreases and liabilities increase.
MRP systems have been touted to provide all of the following except?
a. Better customer service b. Higher inventory levels c. Better demand responsiveness d. Higher capacity utilizatio
Picabo drives a truck as an employee for Quik Delivery, IncPicabo would most likely be considered acting outside the scope of her employment if she A) crashed into a car at the airport while off duty
B) hit a pedestrian in a parking lot during a "working" lunch. C) ran over an attendant at Quik's gas station while refueling the truck. D) smashed into a store-front while intoxicated on-duty.
A business law professor made this statement on a law professor list serve. "Students often tell me that they learn in HR that they will be sued if they are asked for a reference and give more than "name, rank and serial number." I always tell them that
so long as anything they say is truthful and can be proven, they will win any suit for defamation. Explain why the HR managers gave the advice referred to and the law professor gave that response.