In Water,a Substance That Ionizes Completely in Solution Is Called

question 54

Multiple Choice

In water,a substance that ionizes completely in solution is called a ________.

• A)weak electrolyte
• B)nonelectrolyte
• C)semiconductor
• D)nonconductor
• E)strong electrolyte

Understand the legal implications of pre-incorporation contracts and the process of their ratification by the corporation.

Recognize pre-emptive rights of shareholders and how they protect shareholders’ interests.

Understand the significance of disclosing conflicts of interest in corporate governance.

Grasp the concept and legal significance of the corporate veil and circumstances under which it may be pierced.

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Definitions:

Net Income

The amount of money remaining from revenues after subtracting all costs, expenses, and taxes, indicating the profit earned.

Dividends

Payments made by a corporation to its shareholder members, distributed from the company's profits.

Note Payable

A written agreement where one party promises to pay another a definite sum of money at a specified future date or on demand.

Current Assets

Assets likely to be converted into cash within a year, such as inventory, accounts receivable, and cash and cash equivalents.