liability of the shareholders. However‚ under certain circumstances the corporate entity may be disregarded. This is also known as piercing the corporate veil and is the most frequent method for holding the shareholders liable for the acts of a corporation. Corporate officers‚ directors and controlling shareholders have a general fiduciary duty of loyalty and care which should govern all their corporate conduct. Unless they breach that duty by gross negligence or acts in bad faith‚ they usually will
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Business Ethics The Corporation ‘The Corporation’ had a specific aim to portray the problems of not just one corporation‚ but corporations as a whole‚ as is evident from the beginning of the film as a multitude of big business logos flashed across the screen. The film proceeded to highlight the issues surrounding: globalization and consumerism‚ environmental pollution and disregard for the planet‚ unethical marketing‚ and dishonest media. Personally‚ I feel that I’m quite open-minded when it comes
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Capital Structure and the Cost of Capital: TheoryChapter 13 :Financial Theory and Corporate Policy (Copeland and Weston) INTRODUCTION In the summary of the following chapter is shown the mixture of the financial source of a company. There are the sources of debt and equity but also the financing affects of the cost of capital. Furthermore‚ it shows its connections to the shareholder’s wealth and how to calculate the cost of capital in a specific situation where the risk is depending from the case
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Not Without Fear It was summer time and I was wearing my West Scranton football shorts and shirt‚ it was a normal day in the summer I was sitting in my living room with the air conditioner turned all the way down to 60 to get a cool breeze. I was watching Iron man but I really was not that into I kept drifting off and thinking what I should do with my day. My older brothers Shawn and Anthony came to the door around 2 in the afternoon and asked me if I wanted to go swimming. I quickly galloped
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It was a beautiful‚ perfect‚ energetic day to be with the Weston Fc Academy soccer team. It was the week before we would depart for our international soccer journey to Argentina. We had just played an exhausting 90 minute game to defeat the best MLS team in the league yet‚ I was filled with a great amount of adrenaline to celebrate the victorious day. “Yo guys! Who’s ‘bout chillin’ later on?” I hollered over all the cheers. “Aye‚ everyone slide to my crib and bring a pair of clothes because we
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CHAPTER 19 CORPORATIONS 1. – THE NATURE AND CLASSIFICATION OF CORPORATIONS A corporation is a legal entity created and recognized by state law. It can consist of one or two persons identified under a common name. CORPORATE PERSONNEL When an individual purchases a share of stock in a corporation‚ that person becomes a shareholder and owner of the corporation. Shareholder and corporations are liable. THE LIMITED LIABILITY OF SHAREHOLDER One of the key advantages of the corporate forms
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There are many ways a corporation can be classified; however the best way to classify a corporation is by knowing the characteristics that makes a corporation. The unique characteristics of corporations are consist of limited liability of stockholders‚ free transferability of shares‚ perpetual existence‚ and centralized management. In relation to John Marshall who is the chief justice in 1819 defined corporation as an artificial being‚ invisible‚ intangible‚ and existing only in contemplation of
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Meredith Corporation Video Case Study #1 About Meredith Corporation Meredith Corporation is a marketing company that deals with many well known brands‚ including magazines such as Better Homes and Gardens‚ Family Circle and Ladies Home Journal. Their publications reach about 30 million readers in 8 out of 10 homes. They serve the media as well‚ with brands on television and other markets. Meredith Corporation is popular in marketing items that serve the home and family‚ health and wellness
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also necessary for the ferrying of manufactured products to the suppliers or clients. This paper is going to explore the transport logistics of Target Corporation‚ also known as Target‚ and propose a Transport Improvement Plan (TIP) that would help to improve the supply chain of the company. Background Information of the Company Target Corporation is an award-winning retail giant and one of the largest retail stores in the United States of America. The idea of the business started with a New York
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part III Apache Corporation Carrie Rainbolt MGT521 June 11‚ 2012 Elaine Earle Business Analysis III Apache Corporation was formed in 1954‚ based on the idea of becoming significant and prosperous in the oil industry. The company took $250‚000 of investor capital‚ paired it with fierce determination and now Apache Corporation is considered one of the top independent oil and gas exploration and production companies in the world ("Apachecorp.com"‚ 2012). Apache Corporation operates in both
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