Which of the following does "ex officio" authority refer to?
A. Authority by virtue of one's office
B. Duty to act within one's authority
C. Duty to act with loyalty and good faith
D. Conducting the affairs of the corporation with due care
Answer: A
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Each year, the U.S. Army shoots an estimated 200 million rounds of lead bullets at target practice areas across the United States. Pentagon officials, in response to environmentalists' concerns over lead poisoning in the soil, have invested over $12 million to develop an environmentally safe tungsten bullet. This is an example of one of the outcomes of ________.
A. Naderism B. marketing ethics C. consumerism D. cause marketing E. self-regulation
Danton Hardware Company uses a perpetual inventory system. How should Danton record the return of inventory previously purchased on account for $200?1.Inventory200 Accounts Payable 2002.Accounts Payable200 Inventory 2003.Purchase Returns200 Accounts Payable 2004.Accounts Payable200 Purchase Returns 200
A. Option 1 B. Option 2 C. Option 3 D. Option 4
The effective annual rate (rEAR) it pays on a loan is lower whenever a firm must use some of the proceeds from the loan to meet the bank's compensating balance requirement.
Answer the following statement true (T) or false (F)