Answered: The board of directors is directly…

Business

Management

The board of directors is directly responsible to the stockholders.; True or False

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

See similar textbooks

Related questions

Q: In which of the following business ownership types, entrepreneurs have the benefit by having more…

A: Corporations is a type of business ownership type in which the entrepreneur enjoys the benefit of…

Q: Which of the following assets are called as foundation of a business? a. Working capital b. Fixed…

A: Working capital refers to the capital required in the business for carrying out the day-to-day…

Q: EXPLAIN HOW THE BOARD OF DIRECTORS MUST ENSURE THAT GOOD CORPORATE GOVERNANCE IS PRACTICED BY THE…

A: The board of directors is a group of executives who oversees organizational activities. They…

Q: Which is not true of a corporation’s board of directors a. They are elected by the shareholders b.…

A: A board of directors is designated individuals that signify shareholders. A corporation is succeeded…

Q: Proposed company (closed company or company who filed bankruptcy) not aquired and nor merge and give…

A: When an organization is unable to honor its financial obligations or make payment to its creditors,…

Q: Which of the following is not a characteristic of a close corporation? Question 28 options: its…

A: A close corporation, also known as a closely held corporation, represents a distinct form of…

Q: In the election or removal of directors of the corporation, an individual shareholder typically has…

A: A shareholder is an individual, group, or institution that owns a portion of a corporation's stock…

Q: Partnerships and most LLCs are known as pass-through entities. What does this mean for their…

A: Limited liability companies (LLCs) are going through substances naturally. Except if the proprietors…

Q: Any of the following may make up a partnership EXCEPT: (A) Two or more Individuals. (B) A…

A: A partnership is a legal form of business organization in which two or more individuals, entities,…

Q: mention the main responsibilities of the board of directors illustrating degree of involvement of…

A: The board of directors are considered to be the representatives of the share holders who are the…

Q: profits that have been eared by a compony but not distributed to the shareholders will increase the…

A: In the context of corporate finance and accounting, the retention of profits can have a significant…

Q: Corporations with no capital stock and not authorized to distribute dividends. What it is?

A: Corporations with no capital stock and not authorized to distribute dividends.

Q: Describe the fiduciary duty of director in regard to the attendance of board meetings

A: The fiduciary duty of a director refers to the legal obligation imposed on a director to act in the…

Q: Explain the difference between a sole proprietorship, LLC/PLLC, and corporation. Include advantages,…

A: Organizations function in a dynamic environment. It is important to function well in the business…

Q: Mergers and Acquisition can take place through the following ways except a. Purchasing assets O b.…

A: Acquisition- The acquisition is a corporate strategy in which, one firm acquires the other firm to…

Q: 9. Corporations can pay lower taxes than partnerships. O True O False

A: А соrроrаtiоn is аn оrgаnizаtiоn—usuаlly а grоuр оf рeорle оr а соmраny—аuthоrized by…

Q: Mayflower Trucking Inc. incorporates and issues 1000 shares of common stock. Shawn owns 600 shares…

A: Shareholders refer to the individuals who have bought the shares of a company in exchange for a…

Q: Which of the following items is NOT to be placed in the articles of organization of a limited…

A: In соrроrаte gоvernаnсe, а соmраny's аrtiсles оf аssосiаtiоn is а dосument whiсh, аlоng…

Q: A year ago, Chris joined with other investors to open a restaurant, Honest Ozzie's Delicatessen. The…

A: A partnership is a business organization in which two or more people share ownership and operate the…

Q: If there is no written partnership agreement, how is the general partnership managed?

A: The objective of this question is to understand how a general partnership is managed in the absence…

Q: Outline the duties, responsibilities of Directors, Shareholders and Secretary

A: Companies are run by a group of people who work together to ensure that the organization is…

Q: Which of the following statement describe a sole proprietorship? a. Owner in sole proprietorship has…

A: A sole proprietorship additionally alluded to as a sole broker or a proprietorship, is a…

Q: Explain the responsibility of the independent directors toward shareholder and stakeholder. Explain…

A: In an organization, independent directors are appointed to help the entity in enhancing the…

Q: Which type of partners risk only their investment in the business. a. Unlimited Partners b. Limited…

A: Find the answers below: The Correct answers are: Q1) b) Limited Partners…

Q: The power to merge or consolidate companies is controlled by: local ordinances. X administrative…

A: Introduction Through a merger, two distinct companies become one new legal entity. As it's uncommon…

Q: describing the obligations of corporate directors to a business corporation. include a discussion of…

A: Corporate directors oversee the affairs of the corporation in order to protect the interest of the…

Q: topic - the basics of Corporate governance for the management accountant explain the role of…

A: The business environment is becoming more competitive, and the business needs to compete with each…

Q: Who is considered to be owner of the company? a. None b. Preference share holders c. Debenture…

A: Only one person can't stand a company. It requires so much effort, the capital. So, many people…

Q: Which one of the following statements is FALSE? OA) Interest is tax deductible while the dividend is…

A: Every company must hold in every year in addition to any other meeting, a general meeting of its…

Q: 19. Which of the following forms of capital provides market discipline for the firm? O a. Preferred…

A: Answer- (B) Subordinated Debentures Subordinated Debentures is forms of capital provides market…

Q: What is the role of the board of directors in a corporation?

A: The objective of this question is to understand the role and responsibilities of the board of…

Q: Explain the hostile takeover situation.

A: Mergers and Acquisitions are a commonly adopted business strategy to diversify or grow business…

Q: An underwriter keeps shareholder records and prepares official lists of shareholders and dividend…

A: Underwriter is an individual or group that undertakes or assures or guarantees the company to buy…

Q: Discuss the powers and duties of Directors and Company Secretary

A: Directors and company secretaries play crucial roles in the governance and management of a company.…

Q: Companies A and B differ only in their capital structure. A is financed 30% debt and 70% equity: B…

A: Companies A and B differ only in their capital structure. A is financed 30% debt and 70% equity: B…

Q: Differentiate a Private company and public company.

A: About Company - Company, is a type of concept which is defined as a kind of legal entity. It is that…

Q: In a general partnership, which of the following acts must be approved by all the partners? a.…

A: A partnership can be defined as a business in which more than one person is involved and they…

Q: During the pre-incorporation stage, the acting treasurer will make a sworn statement which is part…

A: The incorporation of an organization alludes to the lawful cycle that is utilized to frame a…

Q: To what extent do shareholders control the activities ofa corporation?

A: A corporation's shareholders are its owners, and as a group, they have a lot of power over how the…

Question

The board of directors is directly responsible to
the stockholders.; True or False

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Introduction

VIEW

Explanation:

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.

Similar questions

c. How corporates could be responsible to stake holders? sir give me introduction , explanation and conclusion . thank you .
Sebastian, Wyatt, and Mathew are close friends who graduated with master's degrees in accounting from an Ivy League institution. Instead of seeking employment, the friends decided to create their own accounting business. At their initial meeting, the friends could not decide whether to form a partnership or a limited liability company. You were approached as a company law student for advice on the type of business that would be appropriate for the friends. A) Assume the friends opted to create a partnership, and has asked for your assistance in creating a Partnership deed; create a partnership deed that includes at least six terms that the friends may use to guide the functioning of their firm. The terms should be detailed enough to be legally binding and should be original.
1. Explain the all the forms of and the advantages and disadvantages of each form of business. Define each form of business, sole proprietor, partnership, LLC, LP, and Corp. Next for each form of business explain the advantage and disadvantage of that particular form of business, comparing that form to the other types discussed. 2. Explain which form you would want to use for your business. o Explain why.
Discuss the occasion and object of the following meeting of a joint stock company (A) : Annual general meeting (B) : Extra ordinary general meeting
6) Who is considered to be owner of the company? a. None b. Preference share holders c. Debenture holders d. Equity share holders
16
7
Explain Berkshire Hathaway corporation.
7-To avoid conflicts between partners and to ensure that all the partners are responsible and benefits to the business are well understood, the partnership should have: A partnership agreement A board of directors A legal department Regular meetings
Discuss the management of the CompanyOutline the duties, responsibilities of Directors, Shareholders and Secretar
Which of the following is not true of a limited liability partnership? * Most states restrict this form of ownership to certain types of O professions such as attorneys, physicians, dentists, accountants, etc. It must involve a general partner, a limited partner, a silent partner, and a dormant partner. Although LLPS have many of the O characteristics of partnerships, they are taxed as a corporation. All partners are limited partners.
Please don't give image format