A Derivative Action

question 63

Multiple Choice

A derivative action

• A)is a type of crime that allows a corporation to be punished if a director misbehaves.
• B)occurs when a corporation feels compelled by the consequences of one decision to act on another decision.
• C)allows a corporation to sue a shareholder who refuses to pay the purchase price for their shares.
• D)is an action by someone on behalf of the corporation that can be pursued only with court approval.
• E)always occurs in connection with a unanimous shareholder agreement.

Grasp the financial contributions to and purpose of Employment Insurance Fund and other unemployment supports.

Identify the factors influencing the increasing cost of employee benefits.

Recognize effective communication strategies for benefits in diverse work environments.

Understand management's concerns regarding benefits and their implications for employee relations.

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Definitions:

Quick Ratio

A measure of a company's ability to meet its short-term obligations using its most liquid assets.

Current Portion

The part of long-term debt that is due within the next 12 months.

Long-Term Debt

Financial obligations of a business that are due for repayment in more than one year, such as bonds, mortgages, and long-term loans.

Accounts Receivable

Dues from clients to a business for goods or services that have been supplied but remain unpaid.