BUSINESS HIGH SCHOOL

Oil Industries Inc. is a private, for-profit corporation that is owned by five shareholders who are members of the same family. Po, the majority shareholder, misappropriates company funds. The shareholders whose interests are injured by Po’s misconduct should

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Answer 1
Answer:

Question Options:

a. have their shares appraised and be paid the fair market value for them.

b. promote the transferability of the company's shares to outside persons.

c. reorganize the firm into a sole proprietorship or partnership.

d. hold a special shareholders' meeting to elect new directors.

Answer: a. have their shares appraised and be paid the fair market value for them.

Explanation: The shareholders whose interests are injured by Po’s misconduct should  have their shares appraised and be paid the fair market value for them.

From the listed options, the most appropriate thing to do is to determine the value of the shares of those affected and pay. Changing the firm into a sole proprietorship or partnership will not return the money back neither will electing new company directors. The most important thing is to get the fair market values back and the way to go about it is by having their shares appraised and paid the fair market value for them.

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In order to grow, develop, and/or migrate, an insurgency must meet __________.

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all three prerequisites

Characteristics of a corporation includea. stockholders having unlimited liability.
b. direct management by the stockholders.
c. stockholders having limited liability.
d. stockholders choosing a board of directors.

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A corporation is characterized by limited liability for stockholders and management by a board of directors chosen by the stockholders. Stockholders' personal assets are not at risk in case of bankruptcy or lawsuits.

The Characteristics of a Corporation typically include:

  • Stockholders having limited liability - This means that the personal assets of the shareholders are not at risk if the corporation goes bankrupt or faces lawsuits.
  • Direct management by the stockholders is not usually happened. Instead, the stockholders elect a board of directors who manage the corporation.

Hence, in the given options, c. stockholders having limited liability, and d. stockholders choosing a board of directors are correct characteristics of a corporation.

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The answer to your question is letter C. Stockholders having limited liability.

Which of the following is NOT an example of M1 money?a. currency
c. travelers’ checks
b. a mutual fund
d. a checking account

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A mutual fund is not an example of M1 money, whereas currency, travelers' checks, and a checking account are.

answer: A Mutual Fund

Before starting a business, many people find it useful to describe the way the company will operate in which of the following?A. Shares of stock
B. Its advertisements
C. Partnership contracts
D. A business plan

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D. A business plan. Having a business plan is very important because that's where you talk about all the actions you are going to take in order to create your company or business. It's where you describe your goals, your marketing strategy, and everything related to the functioning of your business.
the answer is letter D.

Wonder Coffee is a chain of coffee serving outlets and specializes in selling different flavors of coffee. The increase in the price of sugar does not affect Wonder Coffee's coffee prices very much and sales continue at their usual level. Identify the type of demand in this scenario. a. Fluctuating demand O b. Joint demand O c. Inclastic demand O d. Elastic demand

Answers

Answer:

c. Inelastic demand

Explanation:

Inelastic demand means that the quantity ordered on a product is not affected by changes in price. The demand is relatively constant regardless of a change in price.

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Which of the following statements describes a pure capitalist economy?a. The government takes no part in the economy.
b. The government and the free market jointly make economic decisions.
c. The government regulates businesses to ensure efficiency.
d. The government provides goods and services to the public.

Answers

The statement that describes a pure capitalist economy is that A) the government takes no part in the economy. 

Final answer:

A pure capitalist economy is one where the government takes no part in the economy, and all economic decisions are made by the market forces of supply and demand.

Explanation:

The statement that best describes a pure capitalist economy is: 'The government takes no part in the economy'. This is because in a pure capitalist system, also known as a free-market system, economic decisions about what to produce, how to produce, and for whom to produce are made solely by the market, which consists of buyers and sellers. In other words, the forces of supply and demand direct the production and distribution of goods and services, without government intervention.

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