final exam for bus 300 questions and answers lates
Geschreven voor
University Of Massachusetts, Amherst
BUS 300
Alle documenten voor dit vak (4)
Verkoper
Volgen
Schoolflix
Ontvangen beoordelingen
Voorbeeld van de inhoud
Solution 2024/2025
Pepper
Final Exam for Bus-300 Questions and Answers
Latest Update
Shareholders' derivative lawsuit ANS✔✔ A lawsuit brought by a shareholder
on behalf of a corporation against a third party. Often, the third party is an
insider of the corporation, such as an executive officer or director.
Fiduciary Duty ANS✔✔ A person who acts on behalf of another(beneficiary)
and is required to do so with great integrity
Duty of Due Care ANS✔✔ Must act in good faith toward the corporation and
in the manner a reasonably prudent person would wonder the same
circumstances .
Due care: refers to the effort made by an ordinarily prudent or reasonable
party to avoid harm to another, taking the circumstances into account. It
refers to the level of judgment, care, prudence, determination, and activity
that a person would reasonably be expected to do under particular
circumstances.
Formation and non-tax costs ANS✔✔ The method of and costs related to
bringing a business form into existence.
Management Structure ANS✔✔ The degree to which control is centralized in
a hierarchical structure or is dispersed among owners
, Solution 2024/2025
Pepper
Limited Liability ANS✔✔ The extent to which business owners are personally
liable for business obligations
Transferability of ownership interests ANS✔✔ Whether the business owners
can transfer their interests without state law restricts
Duration of existence ANS✔✔ The events, including those impacting the
business owners which will end the business entity's existence.
Taxes ANS✔✔ The way each business form affects the income tax treatment
of the business and its owners
Capital Structure ANS✔✔ The impact of the business form on the
organization's ability to access additional capital.
Exemptions ANS✔✔ Exempt securities and exempt transactions do not
require registration with the SEC. The most common exempt securities are
those issued by governments, charities, educational institutions, and
financial institutions such as banks and insurance companies.
False or Misleading Statements in Required Filings-1933 Act Section 11
ANS✔✔ Perhaps the greatest deterrent to misconduct in the securities law is
the civil liability that can be imposed on wrongdoers by harmed investors.
Reliance by the plaintiff on the false or misleading statements is presumed
False or Misleading Statements in Required Filings-1934 Act Section 18
ANS✔✔ The plaintiff must prove that he or she relied on the statements
, Solution 2024/2025
Pepper
Business Judgement Rule ANS✔✔ A decision made by a loyal and informed
board will not be overturned unless it cannot be attributed to any rational
business purpose
Liquidation ANS✔✔ Satisfy the creditors,distribute remaining assets to
shareholders
Article of incorporation ANS✔✔ Document that need to file if you want to
operate a corporation
Double Taxation ANS✔✔ Corporation pays taxes
Shareholders get dividends- they are taxed on those again
Partnerships ANS✔✔ 2 or more persons who carry on a business as co-
ownership
Joint and several liability ANS✔✔ Equal liability-to protect the opposite
party-who the company owes money to
Sole Proprietorships ANS✔✔ -Single individual
-Unlimited Liability(disadvantage)
-Profit/loss flows through to sole proprietor's return
Limited Partnerships ANS✔✔ -Contribute capital but do not participate in
control, must file certificate of limited partnership
-Comprised of at least 1 general partner and 1 or more limited partners
Voordelen van het kopen van samenvattingen bij Stuvia op een rij:
Verzekerd van kwaliteit door reviews
Stuvia-klanten hebben meer dan 700.000 samenvattingen beoordeeld. Zo weet je zeker dat je de beste documenten koopt!
Snel en makkelijk kopen
Je betaalt supersnel en eenmalig met iDeal, creditcard of Stuvia-tegoed voor de samenvatting. Zonder lidmaatschap.
Focus op de essentie
Samenvattingen worden geschreven voor en door anderen. Daarom zijn de samenvattingen altijd betrouwbaar en actueel. Zo kom je snel tot de kern!
Veelgestelde vragen
Wat krijg ik als ik dit document koop?
Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.
Tevredenheidsgarantie: hoe werkt dat?
Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.
Van wie koop ik deze samenvatting?
Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper Schoolflix. Stuvia faciliteert de betaling aan de verkoper.
Zit ik meteen vast aan een abonnement?
Nee, je koopt alleen deze samenvatting voor €14,90. Je zit daarna nergens aan vast.