Melvin Topic Fiduciary Duties of Officers and Directors 19 p 381

Melvin topic fiduciary duties of officers and

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Melvin - Chapter 15 #18Topic: Fiduciary Duties of Officers and Directors
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19.(p. 381)Any corporation that does not make money is classified as a nonprofit corporation. AACSB: AnalyticBlooms: UnderstandDifficulty: MediumLearning Objective: 15-01 Articulate the concept of the corporation as a legally independent person.Melvin - Chapter 15 #19Topic: Other Categories 20.(p. 391)The authority of an officer to bind the corporation must expressly flow from the bylaws or through board of director mandates. AACSB: Reflective ThinkingBlooms: EvaluateDifficulty: HardLearning Objective: 15-07 Describe the fundamental structure and roles for officers; directors; and shareholders in the corporate form of entity and understand the functions of each role and how the structure is governed.Melvin - Chapter 15 #20Topic: Officers 21.(p. 380)Corporations are afforded full First Amendment political speech protection. AACSB: AnalyticBlooms: UnderstandDifficulty: MediumLearning Objective: 15-02 Identify the sources and level of law governing formation and internal corporate matters. Melvin - Chapter 15 #21 Topic: Corporations
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22.(p. 380)A closely held corporation may be privately held or publicly held depending on the status determined at creation. AACSB: Reflective ThinkingBlooms: EvaluateDifficulty: HardLearning Objective: 15-01 Articulate the concept of the corporation as a legally independent person.Melvin - Chapter 15 #22Topic: Privately Held versus Publicly Held Corporations 23.(p. 389)Shareholders are the owners of the corporation and, in part, act principally through electing and removing officers. AACSB: Reflective ThinkingBlooms: ApplyDifficulty: HardLearning Objective: 15-07 Describe the fundamental structure and roles for officers; directors; and shareholders in the corporate form of entity and understand the functions of each role and how the structure is governed.Melvin - Chapter 15 #23 Topic: Structure, Management and Operation
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  • Fall '08
  • PHELPS,M
  • Corporation, AACSB

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