The Community Reinvestment Act of 1978:
a. limits the ability of community groups to challenge lending practices in their neighborhood.
b. was a response to the continuing impact of redlining.
c. has no impact on bank applications for mergers.
d. applies to only lending practices, not services.
b. was a response to the continuing impact of redlining.
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To attain a target profit, the total gross margin generated from sales must be sufficient to cover total fixed costs plus the target profit.
Answer the following statement true (T) or false (F)
In some states, obtaining the unanimous written consent of shareholders is a permissible alternative to holding a shareholders' meeting.
Answer the following statement true (T) or false (F)
Soda Bubbles Corporation makes and sells soft drinks. Talia buys and drinks a Soda beverage, which proves defective and injures her. One justification for holding Soda strictly liable for the harm caused to Talia by its defective product is that A) Soda is in a better position than Talia to bear the cost of her injury
B) Talia is a person, not a business. C) ?making and selling products are abnormally dangerous activities. D) Soda and Talia are in privity.
Convenience Mart, Inc., is a closely held corporation. Convenience Mart is
A. eligible to make public offerings of securities. B. exempt from filing a certificate of incorporation. C. generally allowed to restrict the transfer of its stock. D. taxed in the same manner as a partnership.