… snd Morry ni84 tho incorporators for NuGame Corporation. After the first board

Question

… snd Morry ni84 tho incorporators for NuGame Corporation. After the first board of directrri surmoquen, dirnctors are clected by majority vote of NtrGarne's board of direstors Uiiliny Power Company has the right to run its power lines across Velma's land. This e prof h a kanancy nt sufferance n license d n casement 59 Bret and Counney forn Delite Day Care, Inc Ultimate responsibility for policy decisions necessary to the management of corporate affairs rests with Delite's a officers h incorporators 6 board of directors shareholders 60, Financial Innovations, Inc., issues bonds, which are also known as a. preferred stock b. debt securities equity securities cumulative investments 61. Oak Grove Residences, Inc., owns apartment buildings Pedro leases one of Oak Grove's apartments. Pedro's ransfer of his interest in the lease to Quito for a period shorter than the lease term is a, an assignment. b a sublease. e, a right of entry d. an eviction 62, Dag and Elke are holders of common stock in Fragrances, Inc. (FI), Like other holders of common stockth have a residual position in the overall financial structure of FL, because they a. are the last to receive payment for their investment b, reside in the state of FI's incorporation. e. have priority to FI's assets if FI becomes insolvent. d. are guaranteed to receive more than the amount of their investment. 63, Ida, Jerzy, and Kit are the directors of Liberty Convenience Stores, Inc. Liberty has nine officers and forty-six shareholders. Dividends are ordered by the firm's a. shareholders b, board of directors. , incorporators d, officers.

Explanation / Answer

Question 57

The answer is (b) Shareholders

In general in any organisation board of directors are choosen according to the ownership and the directors selected by the shareholders.

Question 58

The answer is (d) an easement

An easement means it is a legal right of using other's land for specific time period which is limited . For instance some person granted an easement, he/she can use the property legally but all the legal title and terms remains with the original owner of the land

Question 59

The answer is (c) Board of directors

Even shareholders are part of business organisations, policy making is completely under control of board of directors.

Question 60

The answer is (b) Debt securities

The concept of debt security is putting terms of borrowed amount and interest rate among two parties one is lender and other is borrower on piece of bond paper either it is government or private bond or certifications of terms defined.

Question 61

The answer is (b) a sublease

The concep of sublease deals with agreement among two parties of one party is who actually wants to take lease of property and another party is who already taken the lease of that particular property from another person. this process is called sub leasing.

Question 62

The answer is (a) are the last to receive payment for their investment

Question 63

The answer is (b) board of directors

Dividend are earnings of a company can be in the form of cash or stock which the company distributes to its shareholders. In any company dividend decided by board of directors and this should be approved by shareholders.

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