What Does These Term Refere To

question 13

Multiple Choice

What does these term refere to:
-Digital audio

• A) magnetic tape
• B) audio cassette
• C) mp3
• D) none of the above

Identify the unique attributes of closely held corporations and strategies to mitigate majority shareholder dominance.

Understand the procedural steps and documents necessary for incorporation.

Recognize the legal implications of misrepresentation or errors in corporate documentation.

Grasp the distinctions among different business forms, including LLCs, LLPs, S corporations, and benefit corporations.

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Definitions:

Net Income

The income that remains in a business after all costs and expenses have been subtracted from total revenue, indicative of the financial performance.

Cash Flow Hedge

A financial instrument intended to offset potential losses or gains that could be incurred by future cash flows, acting as a buffer against currency, interest rate, or commodity price changes.

Forward Exchange Contract

A financial derivative that locks in the exchange rate at which a currency can be bought or sold on a future date.

Fair Value Hedge

A hedge of the exposure to changes in fair value of a recognized asset or liability or an unrecognized firm commitment, or an identified portion of such an asset, liability, or firm commitment, that is attributable to a particular risk and could affect profit or loss.