Nonprofit and public organizations are fundamentally different from for-profit organizations in the sense that they are legally prohibited from distributing profits to employees or board members. A. True B. False
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Nonprofit and public organizations are fundamentally different from for-profit organizations in the sense that they are legally prohibited from distributing profits to employees or board members.
A. True
B. False
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- True or False: A liability is something you owe to another person or to a business. True FalseAs part of their Corporate Governance role, Boards of Directors are responsible for the performance of the organization as well as conformance to various rules and regulations as required by governmental agencies. Some analysts believe that Boards should focus 70% of their time on Conformance and 30% on performance. Others believe that Boards should focus 70% of their time on performance and 30% on conformance. Explain which of the two approaches you believe to be more beneficial, giving your reasons why?Discuss the rights of corporations under the United States Constitution's Bill of Rights.
- Explain Enabling Tactics and Strategies?What is the goal of an organizational ethics program? What are the essential elements of an organizational ethics program? Be specific! How would you implement them in your current or future organization.Why would a public company not be the right form of ownership for their business
- Think about a flagship university, such as the University of Michigan or the Univer- sity of Nebraska. In what ways are these instituions similar to profit maximizing firms and in what are they different?Economics Which of the following statements is false? O The government taxes the income of corporations separately. O Unless the articles of incorporation specify, shareholders do not participate in corporate management. O Generally, shareholders can freely transfer their corporate shares. O Corporations do not assume liability for corporate actions. O Corporations can keep profits, or retained earnings, to reinvest.. Economic responsibility, carried to the extreme, is called the profit-maximizing view. The view argues that the corporation should be operated on a profit-oriented basis, with its sole mission to increase its profits so long as it stays within the rules of the game. Is the purely profit-maximizing view considered an adequate criterion of performance? Can it lead companies into trouble? Use examples