What Is the Name of the Organization That Defines Business

question 16

Multiple Choice

What is the name of the organization that defines business cycle peaks and troughs in the United States?

• A)the Bureau of Labor Statistics
• B)the Federal Reserve
• C)the National Bureau of Economic Research
• D)the National Peak and Trough Committee

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Definitions:

Fair Market Value

An estimate of the market value of a property, based on what a knowledgeable, willing, and unpressured buyer would likely pay to a knowledgeable, willing, and unpressured seller in the market.

Business Judgment Rule

A legal principle protecting corporate directors and officers from liability for decisions made in good faith and in the best interest of the company.

Derivative Action

A lawsuit brought by a corporation’s shareholder on behalf of the corporation against a third party, often an insider of the corporation.

Uncertificated

Referring to securities or stocks that are not represented by a physical certificate, existing only as electronic records.