What is an owner of a corporation called? What is the difference between a closed corporation and an open corporation?
What will be an ideal response?
An owner of a corporation is a stockholder. A closed corporation is a corporation whose stock is owned by relatively few people and is not sold to the general public. An open corporation is one whose stock can be bought and sold by any individual.
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Industrial policy attempts to fulfill all of the following objectives EXCEPT
a. improving the infrastructure for an industry. b. easing transitions for workers in declining industries. c. supporting troubled industries if the difficulty is temporary. d. fostering industries that offer long-run comparative disadvantage.
Which of the following states that a company must perform strictly proper accounting only for items that are significant to the business's financial statements?
A) conservatism B) materiality concept C) disclosure principle D) consistency principle
A project consists of six activities (all times are given in days). Provide the range of days during which resource usage is highest and the range of days during which resource usage is lowest using an early start schedule
Activity Activity time Activity Cost Predecessor K 10 140 L 8 64 K, M M 12 96 N 6 120 M P 14 168 L Q 12 144 N
Receiving ordered goods and placing them in inventory are the last steps in the purchasing procedure.
Answer the following statement true (T) or false (F)