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Question
Which of the following statements is true regarding shareholders?A.The shareholders have fiduciary duties to the board of directors.
B.The board is an agent for the shareholders.
C.The shareholders elect the board of directors.
D.The shareholders are delegated the day-to-day management of the corporation.
Answer
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Related questions
Q:
_____ is the willful and corrupt false swearing or affirming, under oath, as to a material matter in question.
A.Misappropriation
B.Perjury
C.Embezzlement
D.Conspiracy
Q:
_____ occurs if you learn of some information and pass it on to others, such as friends, a spouse, or other relatives and they act on the information to their benefit.
A.Perjury
B.Embezzlement
C.Conspiracy
D.Misappropriation
Q:
You are in possession of information that indicates a big merger between two corporations is about to occur, you might purchase shares of the corporation's stock so that when the merger is announced and the stock value increases, you will have received the benefit of that increase to the detriment of the public who did not know that information. This is an example of:
A.ponzi scheme.
B.embezzlement.
C.insider trading.
D.perjury.
Q:
The Sixth Amendment:
A.establishes our constitutional right to an attorney through the important phases of the criminal process.
B.provides constitutional protection against self-incrimination.
C.prohibits the making of any law infringing on the freedom of speech and freedom of press.
D.protects the right of the people to keep and bear arms.
Q:
The _____ Amendment provides the defendant the right to a speedy trial, the right to subpoena witnesses to speak on his or her behalf, the right to confront witnesses, and the right to a jury of his or her peers.
A.First
B.Sixth
C.Second
D.Third
Q:
Which of the following is an example of crimes included under the public corruption category?
A.Copyright violation
B.A federal public official engaged in covert payoffs.
C.Embezzlement
D.Securities fraud
Q:
Embezzlement is a breach of trust done for private gain by an employee or agent of the corporation.
Q:
The securities laws are made to protect people from bad investment decisions.
Q:
Copyright and trademark violations are example of frauds included under the category of public corruption.
Q:
White collar crimes usually involve the threat of physical force or violence.
Q:
Describe a will.
Q:
List the various ways in which a person can acquire title to personal property.
Q:
Discuss tenancy in common.
Q:
What is reversion?
Q:
Discuss the fee simple property interest.
Q:
What is real property?
Q:
Personal property to which an owner has relinquished all right and title and which is not given to someone through a validly executed will has been _____.
A.mislaid
B.abandoned
C.lost
D.bequeathed
Q:
In a ___, the outstanding shares of stock are held by a small number of persons, frequently family relatives or friends.
A.closely held corporation
B.government corporation
C.professional association
D.public corporation
Q:
Which of the following is an incorporated form of business?
A.A sole proprietorship
B.A limited liability company
C.A corporation
D.A limited partnership
Q:
A partnership is dissolved by court order if:
A.the partnership agreement expires in accordance with the time provided in the agreement.
B.a partner is guilty of conduct prejudicial to the business.
C.a partner dies.
D.the partnership goes bankrupt.
Q:
Under the Uniform Partnership Act, whenever a partner withdraws from the general partnership, the partnership
A.gets converted into a member-managed limited liability company.
B.gets converted into a limited partnership.
C.gets converted into a manager-managed limited liability company.
D.must dissolve.
Q:
If a limited liability company elects to be manager-managed:
A.the owners themselves will manage the day-to-day operations of the company.
B.the governance in the company is like a general partnership.
C.the owners will elect officers to run the company.
D.the power to bind the LLC attaches to its members.
Q:
If a limited liability company elects to be member-managed:
A.the governance in the company is like a general partnership.
B.the power to bind the LLC attaches to the managers.
C.the governance in the company is more like a corporation.
D.the owners will elect officers to run the company.
Q:
The most important duty of the principal toward his agent is to:
A.indemnify the agent for expenses incurred within the scope of the agency.
B.compensate the agent according to the terms of the contract.
C.maintain a relationship of trust and confidence.
D.act with reasonable skill and care.
Q:
If an agent has always done a certain act that was not expressly authorized by the principal, but the principal has acquiesced in the conduct, the principal assents to the conduct. The authority granted to the agent in such a way is known as an _____ authority.
A.apparent
B.implied
C.express
D.inherited
Q:
With reference to the two characteristics of an agency relationship, the principal's right to control the agent and the fiduciary nature of the relationship, the relationship between a trustee and a beneficiary:
A.is fiduciary in nature but lacks control.
B.is subject to control but lacks the fiduciary nature.
C.is subject to control and is fiduciary in nature.
D.lacks both, the fiduciary nature as well as control.
Q:
What is meant by perfecting a security interest? What is the difference between attachment of a security interest and perfection of a security interest?
Q:
What are the two types of intangible collateral?
Q:
A debtor usually meets with his or her creditors in a " _____ " meeting, so named because of the section of the bankruptcy code which requires such a meeting.
A.108
B.189
C.218
D.341
Q:
SEC guarantees accuracy of the information printed in the prospectus.