The Current Ratio and the Quick Ratio Are Measures of Asset

question 8

True/False

The current ratio and the quick ratio are measures of asset usage.

Know the legal status and rights of corporations under the U.S. Constitution.

Understand the procedures for dealing with ultra vires acts in a corporate setting.

Identify the reasons behind the popularity of specific states, such as Delaware, for corporate headquarters.

Recognize the responsibilities and liabilities of promoters and directors in the formation and management of a corporation.

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Definitions:

Hereditary Illness

A disease or disorder that is genetically passed from parents to their offspring.

Pregnancy Discrimination Act

A federal law in the United States that prohibits discrimination on the basis of pregnancy, childbirth, or related medical conditions in the workplace.

Business Necessity

A business necessity is a practice that is important for the safe and efficient operation of the business.

Disparate Impact Discrimination

A form of discrimination that occurs when a neutral policy disproportionately affects a protected group, even if the policy was not intended to be discriminatory.