Compulsory dissolution of a business can arise from
an agreement by the owners
a declaration by a court of law
the termination of its life
an unfavourable economic climtate
Correct answer is B
No explanation has been provided for this answer.
Which of the following groups is paid first when a firm liquidates?
Preference shareholders
Debenture holders
Ordinary shareholders
Cumulative preference shareholders
Correct answer is A
preference shareholders is a term used in venture capital contracts to specify which investors get paid first and how much they get paid in the event of a liquidation event such as the sale of the company.
conglomeration
vertical integration
horizontal integration
cartel
Correct answer is B
No explanation has been provided for this answer.
A distinguishing characteristics of a limited liability company is that it
is a collection of many sole proprietors
is a multiple partnership
can sue and be sued
has limited resources
Correct answer is C
No explanation has been provided for this answer.
A demonstration of social responsibility by a business is the payment of
taxes to government
dividends to shareholders
interests on loans
premium on insurance
Correct answer is A
No explanation has been provided for this answer.