Question 1

Partners by implication cannot share profits.

Accepted Answer

A) True 
 B)False

Question 2

Roche Holding and AstraZeneca have agreed to work together to share research data and fund joint research projects so that they can speed up the process for getting approved drugs to the market.Which of the following best describes the relationship between these two corporations?

Accepted Answer

A) They are a partnership with full liability for the work that they do. 
B) They have merged. 
C) They have created a joint venture. 
D) There is no legal business structure here. 
A) They are a partnership with full liability for the work that they do. 
B) They have merged. 
C) They have created a joint venture. 
D) There is no legal business structure here.

Question 3

Which of the following is true of a sole proprietorship?

Accepted Answer

A) A separate tax return must be filed. 
B) It is not a business entity. 
C) There is no personal liability for the owner. 
D) none of the above 
A) A separate tax return must be filed. 
B) It is not a business entity. 
C) There is no personal liability for the owner. 
D) none of the above

Question 4

Discuss CEO concerns regarding CEO compensation.

Accepted Answer

The main concerns are the following: mic

Question 5

LLCs have existed in Europe and South America prior to their existence in the U.S.

Accepted Answer

A) True 
 B)False

Question 6

A corporate dissolution:

Accepted Answer

A) cannot result from an agreement. 
B) results when a corporation does not hold an annual meeting. 
C) can begin with a board resolution. 
D) none of the above 
A) cannot result from an agreement. 
B) results when a corporation does not hold an annual meeting. 
C) can begin with a board resolution. 
D) none of the above

Question 7

American Homes has just waged a successful takeover of Pioneer Homes.There are several minority shareholders of Pioneer who strongly objected to the merger due to the potential of Pioneer and that their earnings would be far greater once Pioneer was out of its cash crunch.What rights do these minority shareholders have?

Accepted Answer

There is little the minority shareholder

Question 8

Which of the following shareholders would qualify for access to the corporate books and records?

Accepted Answer

A) a shareholder who owns 5 percent of any class of stock 
B) a shareholder who owns 5 percent of all the outstanding stock of a corporation 
C) a shareholder who has owned stock for six months 
D) All of the above shareholders qualify. 
A) a shareholder who owns 5 percent of any class of stock 
B) a shareholder who owns 5 percent of all the outstanding stock of a corporation 
C) a shareholder who has owned stock for six months 
D) All of the above shareholders qualify.

Question 9

In a ratification by the board of a pre-incorporation contract involving the corporation,the promoter,and a third party:

Accepted Answer

A) the corporation is released from liability. 
B) the promoter is released from liability. 
C) the promoter is made secondarily liable. 
D) none of the above 
A) the corporation is released from liability. 
B) the promoter is released from liability. 
C) the promoter is made secondarily liable. 
D) none of the above

Question 10

Novation and ratification have the same effect on promoters' pre-incorporation contracts.

Accepted Answer

A) True 
 B)False

Question 11

A joint venture:

Accepted Answer

A) is a partnership limited in scope. 
B) is a limited liability company. 
C) must be incorporated to be recognized. 
D) none of the above 
A) is a partnership limited in scope. 
B) is a limited liability company. 
C) must be incorporated to be recognized. 
D) none of the above

Question 12

Partners are only jointly liable for torts of other partners committed in the scope of the partnership business.

Accepted Answer

A) True 
 B)False

Question 13

Corporations pay double taxes,on income and shareholders on dividends.

Accepted Answer

A) True 
 B)False

Question 14

The assignment of limited partnership interests:

Accepted Answer

A) is prohibited by the ULPA. 
B) may be a sale of securities subject to federal regulation. 
C) is liberally permitted under the Internal Revenue Code. 
D) none of the above 
A) is prohibited by the ULPA. 
B) may be a sale of securities subject to federal regulation. 
C) is liberally permitted under the Internal Revenue Code. 
D) none of the above

Partners by implication cannot share profits.

Roche Holding and AstraZeneca have agreed to work together to share research data and fund joint research projects so that they can speed up the process for getting approved drugs to the market.Which of the following best describes the relationship between these two corporations?

Which of the following is true of a sole proprietorship?

Discuss CEO concerns regarding CEO compensation.

LLCs have existed in Europe and South America prior to their existence in the U.S.

A corporate dissolution:

Which of the following shareholders would qualify for access to the corporate books and records?

In a ratification by the board of a pre-incorporation contract involving the corporation,the promoter,and a third party:

Novation and ratification have the same effect on promoters' pre-incorporation contracts.

A joint venture:

Partners are only jointly liable for torts of other partners committed in the scope of the partnership business.

Corporations pay double taxes,on income and shareholders on dividends.

The assignment of limited partnership interests:

Introduction to Law

Business Ethics and Social Responsibility

The Judicial System

Managing Disputes: Alternative Dispute Resolution and Litigation Strategies

Business and the Constitution

Administrative Law

International Law

Business Crime

Business Torts

Environmental Regulation and Sustainability

Contracts and Sales: Introduction and Formation

Contracts and Sales: Performance,Remedies,and Collection

Product Advertising and Liability

Business Competition: Antitrust

Business and Intellectual Property Law

Management of Employee Conduct: Agency

Governance and Regulation: Securities Law

Management of Employee Welfare

Management: Employment Discrimination

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Exam 17: Governance and Structure: Forms of Doing Business

Partners by implication cannot share profits.

Roche Holding and AstraZeneca have agreed to work together to share research data and fund joint research projects so that they can speed up the process for getting approved drugs to the market.Which of the following best describes the relationship between these two corporations?

Which of the following is true of a sole proprietorship?

Discuss CEO concerns regarding CEO compensation.

LLCs have existed in Europe and South America prior to their existence in the U.S.

A corporate dissolution:

Which of the following shareholders would qualify for access to the corporate books and records?

In a ratification by the board of a pre-incorporation contract involving the corporation,the promoter,and a third party:

Novation and ratification have the same effect on promoters' pre-incorporation contracts.

A joint venture:

Partners are only jointly liable for torts of other partners committed in the scope of the partnership business.

Corporations pay double taxes,on income and shareholders on dividends.

The assignment of limited partnership interests:

Introduction to Law

Business Ethics and Social Responsibility

The Judicial System

Managing Disputes: Alternative Dispute Resolution and Litigation Strategies

Business and the Constitution

Administrative Law

International Law

Business Crime

Business Torts

Environmental Regulation and Sustainability

Contracts and Sales: Introduction and Formation

Contracts and Sales: Performance,Remedies,and Collection

Product Advertising and Liability

Business Competition: Antitrust

Business and Intellectual Property Law

Management of Employee Conduct: Agency

Governance and Regulation: Securities Law

Management of Employee Welfare

Management: Employment Discrimination

Filters