Question

TRUE OR FALSE

1. ___Corporations can buy and sell property.

2. __The WTO is a paragon of corporate democracy.

3. ___Since the 1980’s, some believe that the fear of the corporate raider causes American corporations to manage for the short term.

4. ___Attempts by commercial or investment banks to develop “financial department stores” in the 1920’s were stopped cold by Glass-Steagall.

5. ___During the 1980’s, leveraged management buyouts were often financed by borrowed money

6. ___Since the mid-1950’s, there has been a substantial increase in the percentage of company presidents whose primary interest and expertise are in finance and law and not in production.

7. ___Hedge fund managers look for ways to profit from future price movements.

8. ___During the New Deal Era, the expansion of labor rights was perceived as a threat by corporate interests.

9. ___The Webb-Pomerene Act exempted US companies who exported goods from antitrust laws.

10. _____ During the 19th century, limited liability was available only to corporations rendering a public service.

Answer 1

True: A Corporation is a legal entity that can buy and sell property

True: The WTO is a paragon of corporate democracy.

True: Corporate raiders are the investors that make hostile take over bids for companies., either for policy controls or reselling them for profits. Since the 1980s, some believe that the fear of corporate raiders causes American corporations to manage for the short term.

True: The Attempts by commercial or investment banks to develop"Financial Departmental stores" in the 1920s were stopped by the Banking Act 1933(Glass-Steagall Act)