A Party Who Makes a Preincorporation Contract with a Corporate

question 56

Multiple Choice

A party who makes a preincorporation contract with a corporate promoter is liable on the preincorporation contract:

• A)only after the corporation's board of directors adopts the contract after the corporation has come into existence.
• B)only after the corporation's articles have been filed with the secretary of state.
• C)when the party agrees to look only to the prospective corporation for performance of the contract.
• D)only when the promoter is liable on the contract.

Understand the implications of statistical findings for practical applications and decision-making.

Appreciate the complexity of factors influencing outcomes in experimental and observational studies.

Understand the essential elements and purposes of management accounting information.

Recognize the ethical standards required in management accounting, including confidentiality, competence, integrity, and objectivity.

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Definitions:

Americans

Citizens of or people living in the United States of America.

Work

A physical or mental activity that accomplishes or produces something, either goods or services.

Globalization

The growth and spread of investment, trade, production, communication, and new technology around the world.

Spread of Investment

The diversification of investments across different sectors, assets, or geographies to reduce risk and achieve a more stable return.