To appoint a proxy, the Model Business Corporation Act (MBCA) requires:
A. the board of directors to acknowledge the proxy.
B. a vote of approval from other shareholders.
C. a court order.
D. a written document.
Answer: D
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In a SWOT analysis, which of the following could you discover as potential internal strengths (helpful)?
A. Damaged reputation B. Cost advantages C. New markets D. Competitor issues
Mary is a new supervisor working with a preexisting staff that has resisted many of the new policies she has put into place. Mary explains to the staff that the new policies are more effective than the old ones because they save time and energy and allow the staff more time to spend serving customers. How is Mary overcoming resistance with her staff?
a. by creating a win-win situation b. by creating urgency c. by clearly state why the change is needed and how it will affect employees d. by developing a positive trust climate for change
Which of the following statements is most likely true about conducting business in China?
A) Take the initiative and move quickly to close deals. B) Bow slightly and shake hands when greeting others. C) Making a toast during a banquet is considered bad luck. D) The lowest ranking person in a room should be introduced first. E) Handkerchiefs and clocks are appropriate gifts that suggest good luck.
Refer to the selected data provided for Max's Tire Center. Which of the following would result from a vertical analysis of Max's balance sheet in 2012?
A) Fixed assets increased $12,000 or 7.14% during 2012. B) Total assets is $500,000 in 2012. C) Fixed assets is 27.6% of total assets in 2012. D) Fixed assets is 30% of total assets in 2012.