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FIN 215 Chapter 1 Practice Quiz Incorrect
Terms in this set (12)
The controller is responsible for:
The activities of the accounting and tax depratments
Identify a true statement about a corporation
A corporation offers its owners limited liability
Which of the following specify the rules about the governance of a corporation?
Which of the following must be filed by a limited liability company (LLC) with the state in which the business is set up?
Articles of Organization
A domestic corporation that has no more than ____ type(s) of stock outstanding can elect to file taxes as an S corporation
Which of the following statements is true of risk averse stockholders?
They are willing to invest in corporations with more certain future cash flows
A hostile takeover results when ______
A firm's stock is undervalued relative to its potential
Which of the following well-known companies is a member of an industrial group that would be called a chaebol?
Which of the following statements is true about multinational corporations?
Multinational corporations are involved in all the phases of production process
Which of the following can result in constraints on the transfer of corporate resources and even to take for public use, the assets of a firm without compensation?
The political risk in the nation in which the multinational corporation operates
Identify a true statement about political risk
A nation is free to place constraints on the transfer of corporate resources
Identify a reason for difficulty for an executive trained in one country to operate effectively in another country
The after-tax consequences resulting from differences in tax laws in different countries
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