Mike is planning on incorporating his business in the state of Delaware. Which of the following regarding the name of Mike's business is TRUE?
a. He will be able to use the words "Association" or "Institute" in his company name.
b. He will not be able to use abbreviations (such as Inc. or Corp.) in his company name.
c. His company name will not have to include one of the following words: Corporation, Incorporated, Company or Limited.
d. His company name can be the same as another corporation that already exists in Delaware.
a
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The PMI, Inc. processes an estimated 200,000 checks per year from its customers. Total revenue
collected by check is $40,000,000. The average float time until the funds are credited to PMI's checking account is 6 days. For an extra cost of $ .06/check, PMI's bank will install a lock-box system that will reduce float time from 6 days to 2.5 days. If PMI earns 3.5% on its checking account, how much per check will PMI make if it uses the lock-box system? A) $.005 B) $.008 C) $.006 D) $.007
Internally generated growth is often called organic growth because it does not rely on ________
A) outside intervention B) its own skills and capabilities C) external funding D) internal leadership E) internal design expertise