Which of the Following Is Not True About a Corporation's

question 30

Multiple Choice

Which of the following is not true about a corporation's ratification of an officer's act?

• A) It applies to an authorized act of an officer.
• B) It relates back to the original transaction.
• C) It may be either express or implied from the corporation's acceptance of contractual benefits.
• D) The corporation must have full knowledge of the facts in order to ratify the act.

Understand the impact of currency valuation changes on international business operations.

Acknowledge the significance of accounting information to both internal and external stakeholders.

Recognize the structure and significance of key financial statements and accounting principles.

Understand the concept of metacognition and its relation to cognitive abilities.

---

Definitions:

Virus

A small infectious agent that replicates only inside the living cells of an organism, potentially causing disease.

Cognitive Abilities

The mental capabilities that involve the acquisition, processing, and use of knowledge, such as thinking, reasoning, and memory.

Males

The sex that is characterized by the production of small mobile sperm, typically having XY chromosomes in mammals.

Females

Refers to the sex or gender that is typically characterized by the ability to produce ova or eggs, and in mammalian species, usually possesses two X chromosomes.