QUESTION 40

1. Common stockholders can vote on whether to

   	a.	declare a dividend.
   	b.	hire an officer of the corporation.
   	c.	amend the corporations Articles of Incorporation.
   	d.	purchase additional inventory for an upcoming busy season

1.8 points

QUESTION 41

1. Ali sells her sole proprietorship to Norah. This is a transfer of

   	a.	the ownership of the business.
   	b.	a license.
   	c.	the formula to make a product
   	d.	a trade name.

QUESTION 42

1. When a franchisor seeks to terminate a franchise that is owned by a franchisee, the law generally emphasizes

   	a.	the right of the franchisor to conduct its business.
   	b.	the importance of good faith and fair dealing between the franchisor and franchisee.
   	c.	the right of the franchisee to continue its business.
   	d.	the fact that the franchisee voluntarily contracted with the franchisor.

1.8 points

QUESTION 43

1. When an acquiring corporation makes a public offer to all shareholders of a target corporation to purchase their stock, this is called

   	a.	a tender offer
   	b.	a golden parachute.
   	c.	an acquisition call.
   	d.	a buyout notice