Assume there are no provisions in the corporation's articles of incorporation or bylaws regarding quorum requirements. If there are 13 total directors of General Grain Corporation and the minimum number of directors are present to transact business, how many votes normally would be necessary for those present to act as a board?
a. 7
b. 4
c. 6
d. 11
b
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Which of the following describes a firewall?
A) a malicious program that enters program code or destroys data without authorization B) when two or more people cooperate together to defraud a company C) a technique for protecting data D) when a company defrauds its suppliers by making false claims
A liability for dividends exists:
A. On the date of payment. B. For dividends in arrears on cumulative preferred stock. C. On the date of record. D. When cumulative preferred stock is sold. E. On the date of declaration.
The net realizable value approach is used to account for scrap and by-products when the net realizable value is significant
Indicate whether the statement is true or false
If a company has excess capacity, increases in production level will increase variable production costs but not fixed production costs.
Answer the following statement true (T) or false (F)