Problems Determining Authority and Responsibility, Poor Response Time, and Poor

question 32

Multiple Choice

Problems determining authority and responsibility, poor response time, and poor integration are disadvantages of:

• A) The Functional Organization
• B) The Matrix Organization
• C) The Project Organization
• D) The Informal Organization
• E) The Formal Organization

Analyze the conditions under which title and risk of loss pass from seller to buyer in various sales contexts.

Discern the legal requirements of tender in a goods sale.

Understand the legal effects of contracts and how title, possession, and risk of loss are transferred.

Recognize how the UCC addresses good faith purchases and sales involving minors or entities lacking authority.

---

Definitions:

Par

The face value of a bond or the stock value stated on the certificate, unrelated to its market value.

State Charter

A legal document issued by a state that grants rights, privileges, and operating terms to a corporation.

Authorized Stock

This refers to the maximum number of shares that a corporation is legally permitted to issue, as specified in its articles of incorporation.

Treasury Stock

Shares that were issued and later reacquired by the issuing company, reducing the amount of stock in the market.