43. A shareholder who cannot be present at a meeting can vote by __________, that is, by a written authorization for another person to vote on his or her behalf.
a. proxyb. allowancec. recordd. nominationANSWER: aPOINTS: 1DIFFICULTY: ModerateNATIONAL STANDARDS: United States - BUSBROG: - AnalyticACCREDITING STANDARDS: DISC: - AICPA: BB-LegalTOPICS: 19-17c ShareholdersKEYWORDS: Blooms: Comprehension
44. A(n) __________ is a public offer to all the __________ of a(n) __________ corporation to buy their shares at a statedprice, usally __________ than the market price.
45. Which of the following is generally true regarding the liability of members of a limited liability partnership for malpractice?
Members are not liable for their own malpractice or for the malpractice of other members because recovery for malpractice may only be obtained from assets of the limited liability partnership itself.
Members are liable for their own malpractice and also for the malpractice of other
members.
46. Which of the following involves settling accounts and liquidating assets of a partnership for the purpose of making distributions and ending the partnership?
DISC: - AICPA: BB-LegalTOPICS: 19-13d Dissolution, Winding Up, and Termination of a General PartnershipKEYWORDS: Blooms: Comprehension
47. Which of the following refers to a merger in which some shareholders are required to surrender their shares in the disappearing corporation for cash?
a. Illegal mergerb. Termination mergerc. Surrender consolidationd. Freeze-out mergerANSWER: dPOINTS: 1DIFFICULTY: ModerateNATIONAL STANDARDS: United States - BUSBROG: - AnalyticACCREDITING STANDARDS: DISC: - AICPA: BB-LegalTOPICS: 19-18a MergerKEYWORDS: Blooms: Comprehension
You've reached the end of your free preview.
Want to read all 22 pages?
- Summer '16
- Business, Corporation, Types of business entity
