Q: Why did Congress create (and later strengthen) the Equal Employment Opportunity Commission?
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A: Relationship Marketing- The company activities that are undertaken by the firm itself to establish…
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._______ A legal document that describes the purpose of
the corporation.
Step by step
Solved in 2 steps
- a) Identify three major differences between public companies and private companies. b) Identify at least three documents a promoter must send to the Registrar of Companies in order to form a company.The agency problems may appear in THE FOLLOWING instances except: a. Efficient markets for corporate control, management, labour and corporate information b. There is “information asymmetry.” Management and shareholders do not have access to the same information; and c. The company’s Board of Directors fails in its oversight duties d. There are conflicting interests between the management and shareholders of the firmIn many states, including New York, an operating agreement is required for a limited liability company to exist. True False
- Which of the following is not an objective of administration? A. To rescue a company in financial difficulty to allow it to continue as a going concern B. To realise property to pay one or more secured or preferential creditors C. To wind up the company and cease its operations D. To achieve a better result for the creditorsA single proprietorship is a form of business organization which....... a. has one owner-manager who is personally responsible for the firm's actions and debts b. allows easy transferability of ownership by the trading of shares c. has a single owner but has directors who are responsible for the firm's debts d. has limited liabilityOnly final answer without explain
- TRUE OR FALSE A Sole Proprietorship has the advantage of least government regulations.Which of the following is an advantage of a sole proprietorship? a. The owner has unlimited liability. b. The business ceases to exist when the owner dies. c. Profits are taxed as individual income. d. The owner enjoys lack of continuity. e. There is a limit to the amount one person can borrow.Which of the following is a goal of bankruptcy law? a. to provide relief and protection to debtors b. to provide a fair means of distributing a debtor's assets among creditors c. to pay all creditors in full d. to provide relief and protection to debtors and to provide a fair means of distributing a debtor's assets among creditors
- _______ Which of the following is not an advantage of acorporate form of ownership?a. It is easier to raise capital.b. Ownership can be transferred easily andquickly.c. The death of an owner does not terminatethe corporation.d. Profits are taxed twice.e. The liability of the owners is limitedIn recent years, more and more corporations have begun implementing Employee Stock Ownership Plans (ESOPs), in which employees are paid partly in shares of stock in the corporation and partly in traditional wages and salaries. Employees at all levels of the corporation, from top-level managers to the lowest-ranking employee, are included in the ESOP. a. Define the problem that corporations are attempting to solve by implementing ESOPs. Explain why this problem occurs, and why it is particularly likely to be a problem in corporations. b. Explain whether the ESOP can solve (or at least reduce) the problem you described in part a. “Explain” means state whether the ESOP will or will not solve the problem, and then describe the reason (or reasons) why it will or won’t.All except which one of the following is an advantage of the corporate form of business organization? a. The corporation is a legal entity and can sue and be sued without involvement of its owners b. The corporation as unlimited life. c. The corporation has greater access to financial capital because of its ability to issue stocks and bonds. d. The corporation is the easiest and cheapest kind of business organization to form.