Ch 40 False

Pataasin ang iyong marka sa homework at exams ngayon gamit ang Quizwiz!

6. Most states do not allow directors to participate in board of directors' meetings from remote locations.

False

3. The initial board of directors of a corporation is normally elected at the first annual shareholders' meeting by a majority vote of the shareholders.

False

30. A dividend is a right given by a company to buy stock at a stated price by a specified date.

False

31. Every shareholder is entitled to examine specified corporate records, but only in person, not through an agent.

False

33. Shareholders are personally liable for the debts of a corporation.

False

4. Corporate officers are selected and removed by shareholders.

False

1. Any individual director can act as an agent to bind the corporation.

False

12. Not all directors have a right to access a corporation's books and records, facilities, and promises

False

13. In most states, an individual can be an officer or a director of a corporation, but not both at the same time.

False

18. Directors must engage in self-dealing.

False

2. ​The executive officers represent the ultimate authority in every corporation.

False

21. As a general rule, shareholders are responsible for the daily management of a corporation.

False

24. Cumulative voting refers to the accumulation of proposals presented annually for a shareholders' vote.

False

26. With preemptive rights, shareholders can preempt the decisions of directors and officers with respect to corporate policy.

False

29. Stock warrants are distribution of corporate profits or income ordered by the directors.

False


Kaugnay na mga set ng pag-aaral

Earthquakes and Volcanoes Study Guide for Test

View Set

Chapter 55: Management of Patients with Urinary Disorders

View Set

26, 58, 59, 60, 42 Special Senses - Medical, Surgical and Diagnostic Procedures + Meds, Upper Respiratory Disorders (Med/Surg)

View Set

Research Methods Chapter Four - Searching the Scientific Literature

View Set

Organizational Leadership BA 205 - Chapter 2 Quiz

View Set