In the context of legal business entities, briefly describe a Subchapter C Corporation and identify one of its important features.
What will be an ideal response?
A Subchapter C Corporation is an organizational form that treats the firm as a unique entity responsible for its own taxes. There are no limitations to shareholder participation and the "owners" are protected beyond their equity investment. An important feature of a Subchapter C Corporation is that there are no limits to the number of shareholders that the organization may obtain. The only real limit is the number of authorized and distributed shares in the organization.
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To ensure that as much of the available capacity is utilized, airlines ______.
A. overbook their flights B. overestimate the capacity C. use smaller capacity so it is better utilized D. expand premium-class seating
For the purposes of capital investment analysis, income tax effects are excluded from computations
Indicate whether the statement is true or false
Donna is a person who hears grievances on an informal basis and attempts to resolve them. Donna can best be described as a(n) ______.
A. ambassador B. mentor C. ombudsman D. judge
After a recent 140-day strike, the union members in California went back to work at area grocery stores. The union negotiated raises, better health care benefits, and a one-tier pay scale. The union may best be described as a(n) ________.
A. vendor B. governmental body C. management group D. stakeholder E. internal customer