Examlex
The total variable overhead variance is comprised of the
Ultra Vires Act
An action taken by a corporation or its officers that exceeds the powers granted by its charter or law.
Implied Powers
Powers not explicitly stated in the constitution or legal framework but are deemed necessary to implement the expressed powers.
Publicly Traded
describes a company whose shares are bought and sold on stock exchanges, available to general investors.
Securities Markets
Securities markets are financial markets where the trading of securities like stocks and bonds takes place, facilitating equity or debt capital formation and liquidity.
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