Ray Is a Shareholder of Small Biz Company (SBC)

question 36

Multiple Choice

Ray is a shareholder of Small Biz Company (SBC) .When the direc-tors fail to undertake an action to redress a wrong suffered by SBC,Ray files a suit on the firm's behalf.
-Larry is a shareholder for Custom Colors,Inc.If Custom Colors fails,Larry will

• A)be liable for Custom Colors' debts.
• B)not be liable for Custom Colors' debts.
• C)be able to reclaim his initial investment in Custom Colors.
• D)be able to reclaim his initial investment in Custom Colors plus damages.

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Definitions:

Sampling Error

The discrepancy between a sample statistic and the actual population parameter, which arises purely by chance from random sampling.

Confidence Interval

A variety of numerical values, sourced from sample measurements, that is believed to include the value of a not-yet-known population attribute.

Population Mean

The average value of all the members of a set or population.

Probability

The determination of the odds that an event will happen, shown as a number from 0 to 1.