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Question
The corporate form of business has facilitated the rapid growth of development by allowing businesses to attain economies of scale compared to other forms of businesses by:
A. giving businesses a greater capacity to raise capital.
B. imposing unlimited management responsibilities on the owners.
C. maximizing the owners' liabilities.
D. granting the persons who control a corporation limited flexibility in operating it.
Answer
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Related questions
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The Clean Water Act incorporates both civil and criminal sanctions.
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B. The Robinson-Patman Act
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Q:
The maximum penalty for a criminal violation of the 1933 Act is a:
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B. $10,000 fine and five years' imprisonment.
C. $20,000 fine and five years' imprisonment.
D. $10,000 fine and one year imprisonment.
Q:
Nast Corp. orally engaged Baker & Co., CPAs, to audit its financial statements. The management of Nast informed Baker that it suspected the accounts receivable were materially overstated. Although the financial statements audited by Baker did, in fact, include a materially overstated accounts receivable balance, Baker issued an unqualified opinion. Nast relied on the financial statements in deciding to obtain a loan from Century Bank to expand its operations. Nast has defaulted on the loan and has incurred a substantial loss. If Nast sues Baker for negligence in failing to discover the overstatement, Baker's best defense would be that:
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In which of the following contexts is a professional most likely to experience a nonclient action?
A. An accountant who prepares and audits financial statements of companies.
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C. A securities broker who provides investment advice to retail investors.
D. An attorney who advises companies on corporation and business laws.