In a Corporation,the Ultimate Decisions Regarding Business Matters Are Made

question 9

Multiple Choice

In a corporation,the ultimate decisions regarding business matters are made by:

• A)the Board of Directors.
• B)debt holders.
• C)shareholders.
• D)investors.

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Definitions:

Cash Equivalent

Short-term, highly liquid investments that are readily convertible to known amounts of cash and are subject to insignificant risk of changes in value.

Current Assets

Assets that are expected to be converted into cash, sold, or used up within one year or within the operating cycle, whichever is longer.

Current Liabilities

Current liabilities are financial obligations that a company expects to pay within one year, such as accounts payable, short-term loans, and taxes owed.

Cash Flow

Cash flow is the net amount of cash and cash equivalents being transferred into and out of a business, indicating the organization's liquidity position over a period.