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Exam (elaborations)

MGMT 200 Chapter 10 Questions with Detailed Verified Answers

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MGMT 200 Chapter 10 Questions with Detailed Verified Answers

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MGMT 200 Chapter 10 Questions with Detailed Verified
Answers



All publicly held corporations are regulated by what government organization?

a. The Financial Accounting Standards Board

b. The Commission on Accounting Procedures

c. The Accounting Principles Board

d. The Securities and Exchange Commission Ans: ✓ ✓ ✓ d. The Securities and Exchange
Commission

A disadvantage of the corporate form of business is

A. centralized authority and responsibility.

B. its status as a separate legal entity.

C. government regulation.

D. continuous existence. Ans: ✓ ✓ ✓ C. government regulation.

When a corporation is formed what document are filed with the state jurisdiction?

a) Articles of incorporation & by-laws

b) State entity registration form & common stock certificate form

c) Articles of incorporation & common stock certificate form

d) By-laws & state entity registration form Ans: ✓ ✓ ✓ a) Articles of incorporation & by-laws

Officers of a company are elected by a vote of the shareholders.

a. true

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b. false Ans: ✓ ✓ ✓ b. false



Board of directors appoints the CEO

CEO appoints other corporate officers

Outstanding common stock refers to the total number of shares

a. authorized.

b. issued plus treasury stock.

c. issued

d. issued less treasury stock. Ans: ✓ ✓ ✓ d. issued less treasury stock.

Which of the following is ordered from the largest number of shares to the smallest number of
shares?

A. Shares issued, shares outstanding, shares authorized.

B. Shares outstanding, shares issued, shares authorized.

C. Shares authorized, shares issued, shares outstanding.

D. Shares in treasury, shares outstanding, shares issued. Ans: ✓ ✓ ✓ C. Shares authorized, shares
issued, shares outstanding.

Treasury shares plus outstanding shares equal

A. unissued shares.

B. available shares.

C. authorized shares.

D. issued shares. Ans: ✓ ✓ ✓ D. issued shares.

Contributed capital is the amount stockholders have invested in the company.

a. true

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