Examlex
C corporations can elect fiscal years that are different from those of their shareholders,but personal service corporations (PSCs)are subject to substantial restrictions in the choice of a fiscal year.Why are the fiscal year choices of PSCs limited?
Market Competition
The rivalry among companies selling similar products and services with the goal of achieving revenue, profit, and market share growth.
Sarbanes-Oxley Act
A U.S. law enacted in 2002 aimed at protecting investors from fraudulent accounting activities by corporations.
Top Executives
Senior-level managers and officers in an organization who are responsible for overseeing its strategic direction and making high-level decisions.
Clan Control
A method of managing based on shared values, beliefs, norms, and traditions among company members, which influences members' behaviors and contributes to organizational culture.
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