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Stockholders
Corporate Activity
Government Regulation of Business
Licensing
Agencies and the Law
100
to elect directors, amend bylaws, approve of a merger
What is stockholders powers?
100
A corporation comes into existence when the
What is state issues a charter
100
Business activity that a state has authority to regulate within its borders is called
What is intrastate commerce
100
to protect the public, to require persons to meet educational standards, and to require applicants to show competence.
What is the purpose of licensing laws?
100
The sale of securities is regulated by the
What is the Securities and Exchange Commission?
200
usually able to vote at stockholder's meetings, entitled to receive dividends before common stockholders, and entitled to receive stock certificates.
Who are preferred stockholders?
200
Handles the day to day management of the corporation
What is the officers?
200
To be valid, this must be reasonable and is needed to promote a public interest.
What is government regulation?
200
laws that prohibit the sale of certain goods on a certain day of the week are called
What are Sunday Laws
200
have executive, judicial and legislative power...
What are Administrative Agencies created by Congress?
300
The liability of the stockholder for the debts of a corporation is
What is limited the amount invested?
300
When the corporation is taxed on their income and the shareholder is also taxed on their dividends?
What is double taxation?
300
to maintain competition, to protect the rights of consumers, employees, and owners, and to protect the environment.
What is the purpose of government regulation?
300
True or False? A lawyer needs to have a license to practice law.
What is True.
300
A zoning board is an example of
What is an administrative agency at the local level?
400
a corporation may obtain financing through means of
What is common stock, (preferred stock) or (bonds)
400
acts of a corporation that exceed its express or implied authority are called
What is ultra vires acts.
400
One way government regulation can be achieved?
What is Taxation? (sales tax, income tax, and payroll tax)
400
business arrangement between a business (franchisor) and a franchisee?
What is a franchise?
400
The most important law passed by Congress to prevent monopolies is called the
What is the Sherman Act?
500
A technique for enabling large stockholders to exercise control in a corporation is
What is cumulative voting?
500
Major corporate policy is determined by
What is the Board of Directors?
500
the most heavily regulated industry in the U.S is...
What is securities industry?
500
DAILY DOUBLE!!! Name two teams in the final four...
What is Wichita State, Syracuse, Louisville, Michigan
500
Administrative Agencies exist at what three levels?
What is federal, state and local.