________ Are Powers Beyond Express Powers That Allow a Corporation

question 75

Multiple Choice

________ are powers beyond express powers that allow a corporation to accomplish its corporate purpose.

• A) Cumulative powers
• B) Corporation codes
• C) Ultra vires acts
• D) Implied powers

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Definitions:

Senior Debt

Debt that must be repaid before subordinated debt in the case of a liquidation, generally carrying lower risk and, therefore, a lower interest rate.

Subordinated Debt

A type of debt that ranks below other debts and securities in terms of claims on assets or earnings in the event of a liquidation.

Yield To Maturity

The total return anticipated on a bond if the bond is held until it matures.

Expected Return

The anticipated return on an investment based on the probabilities of achieving certain returns, factoring in all possible outcomes.