If the Owners of a Corporation Don't File Their Annual

question 66

Multiple Choice

If the owners of a corporation don't file their annual paperwork, neglect to pay their annual fees, or commit fraud, a court could ignore the fact that a corporation has been established and the owners could be held personally liable for the actions of the corporation. This chain of events is referred to as ________.

• A) vacating the corporate status
• B) yielding the corporate privilege
• C) surrendering the corporate shield
• D) piercing the corporate veil
• E) capitulating the corporate doctrine

Identify the factors that contribute to lawful versus unlawful discrimination based on national origin traits.

Understand the role of EEOC guidelines in shaping employer policies regarding language and national origin discrimination.

Understand the scope and application of Title VII protections related to religious practices in the workplace.

Identify what constitutes a reasonable accommodation for religious practices under Title VII.

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Definitions:

Market Price

The cost at which a product or service is made available in the market, dictated by the forces of supply and demand.

Economic Profit

The difference between total revenue and total costs, including both explicit and implicit costs, indicating the profit beyond the normal return on investment.

Marginal Decision Rule

A principle stating that an action should be taken if, and only if, the marginal benefits are greater than or equal to the marginal costs.

MR

Short for Marginal Revenue, it refers to the extra revenue that an organization receives from selling one more unit of a good or service.