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https://quizlet.com/218573405/acc241-ch-21-flash-cards/
https://quizlet.com/144024899/corporations-directors-and-officers-flash-cards/
Start studying Corporations. Directors and Officers.. Learn vocabulary, terms, and more with flashcards, games, and other study tools.
https://quizlet.com/348504596/chapter-16-corporations-and-corporate-governance-flash-cards/
Corporations = most dominant form of business org in the U.S. Shareholders = owners of the corporations Board of Directors = elected by shareholders to make big policy decisions and employ officers Officers = Appointed by Board of Directors and are responsible for the corporation's day-to-day operations Black box of the Corporation!
https://quizlet.com/24921195/corporations-chapters-9-and-10-flash-cards/
Introduction to Corporation Law Learn with flashcards, games, and more — for free. ... amy_france2. Corporations Chapters 9 and 10. Introduction to Corporation Law. STUDY. PLAY. Officers: Individuals appointed by the board of directors to manage the daily operations of a corporation. ... The Officers (elected in by the board of directors) and ...
https://quizlet.com/39736165/corporations-flash-cards/
A corporation is governed by a board of directors who are: (1) elected by the corporation's shareholders;`. (2) to serve for a period of time, and subject to early removal only for cause; (3) compensated as provided for in the articles or by-laws; (4) entitled (a) to receive reasonable notice of and to participate in all board meetings, (b) to ...
https://quizlet.com/410757877/chapter-15-flash-cards/
A)a share of stock. Corporate officers are. A)elected by the shareholders and ratified by the board. B)appointed or elected by the board. C)appointed by the board and ratified by the shareholders. D)elected by the shareholders. B)appointed or elected by the board. CJ and Danny have incorporated and obtained a $100,000 loan in their corporate name.
https://quizlet.com/45247741/corporations-flash-cards/
Director/officer is not liable if he relied in good faith on info, opinion, report or statements by either (1) corporation officers or employees who he believes are reliable and competent; (2) lawyers/PCAs who he believes are acting competently; or (3) a committee of which he is not a member, as to matters within its authority.
https://quizlet.com/109628738/corporation-management-flash-cards/
A legal principle that makes officers, directors, managers, and other agents of a corporation immune from liability if: 1. Managers (board) must make informed decision. 2. Must have no conflicts of interest. 3. Managers(board) must have rational basis that decision is in the best interest of corp.
https://www.chegg.com/homework-help/questions-and-answers/1-corporate-officers--elected-shareholders-b-elected-shareholders-ratified-board-c-appoint-q34136242
Solved 1. Corporate officers are: a. elected by the | Chegg.com. Business. Economics. Economics questions and answers. 1. Corporate officers are: a. elected by the shareholders b. elected by the shareholders and ratified by the board c. appointed or elected by the board d. appointed by the board and ratified by the shareholders 2.
https://www.ictsd.org/how-are-corporations-different-from-partnerships-quizlet/
In a sole proprietorship, only the owner of the business is liable for its debts and obligations. Partnerships involve at least two people who pool sources for the business and share profits and losses. Corporations are distinguished from their shareholders as legal entities. Corporations are regarded as persons by the Internal Revenue Service.
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