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8dfe0011_lescence_Flashcards___Cram_com__reflective_listening
when teens believe they are being scruntinized for thier behavior and physical appearance they are a. egoncentric b. creating an imaginary audience c. creating a personal fable d. exaggerating their abilites and skills [reflective listening]
creating an imaginary audience
[]
HGD adolescence Flashcards - Cram.com
reflective listening
http://www.cram.com/flashcards/hgd-adolescence-551556
43/1438042989042.37_20150728002309-00333-ip-10-236-191-2_380393747_0.json
8dfe0011_lescence_Flashcards___Cram_com__reflective_listening
new ideas: creative thinking:: existing ideas: _________. a. convergent thinking b. critical thinkin c. divergent thinking d. preoperational thinking [reflective listening]
critical thinking
[]
HGD adolescence Flashcards - Cram.com
reflective listening
http://www.cram.com/flashcards/hgd-adolescence-551556
43/1438042989042.37_20150728002309-00333-ip-10-236-191-2_380393747_0.json
8dfe0011_lescence_Flashcards___Cram_com__reflective_listening
ann freud sees adolescence as a time to restore the delicate balance between the ego and the id, and sees ________ and intellectualization as two defense mechanisms unique to the period. [reflective listening]
asceticism
[]
HGD adolescence Flashcards - Cram.com
reflective listening
http://www.cram.com/flashcards/hgd-adolescence-551556
43/1438042989042.37_20150728002309-00333-ip-10-236-191-2_380393747_0.json
8dfe0011_lescence_Flashcards___Cram_com__reflective_listening
the phrase " identity crisis" is associatied with the theorist ______ _______ and is his fifth stage of development. [reflective listening]
erik erikson
[]
HGD adolescence Flashcards - Cram.com
reflective listening
http://www.cram.com/flashcards/hgd-adolescence-551556
43/1438042989042.37_20150728002309-00333-ip-10-236-191-2_380393747_0.json
8dfe0011_lescence_Flashcards___Cram_com__reflective_listening
striving toward a state of identity means commiting to one lifestyle and repudiating (giving up) all the other possibilities, at least for the present. [reflective listening]
repudiation
[]
HGD adolescence Flashcards - Cram.com
reflective listening
http://www.cram.com/flashcards/hgd-adolescence-551556
43/1438042989042.37_20150728002309-00333-ip-10-236-191-2_380393747_0.json
8dfe0011_lescence_Flashcards___Cram_com__reflective_listening
marcid's four aspects of identity formation [reflective listening]
identity status
[]
HGD adolescence Flashcards - Cram.com
reflective listening
http://www.cram.com/flashcards/hgd-adolescence-551556
43/1438042989042.37_20150728002309-00333-ip-10-236-191-2_380393747_0.json
8dfe0011_lescence_Flashcards___Cram_com__reflective_listening
the stages of pubertal change occuring at times that are within the normal range of occurance. [reflective listening]
normal range of development
[]
HGD adolescence Flashcards - Cram.com
reflective listening
http://www.cram.com/flashcards/hgd-adolescence-551556
43/1438042989042.37_20150728002309-00333-ip-10-236-191-2_380393747_0.json
8dfe0011_lescence_Flashcards___Cram_com__reflective_listening
the period of adolescence when growth is at its fastest. [reflective listening]
maximum growth spurt
[]
HGD adolescence Flashcards - Cram.com
reflective listening
http://www.cram.com/flashcards/hgd-adolescence-551556
43/1438042989042.37_20150728002309-00333-ip-10-236-191-2_380393747_0.json
8dfe0011_lescence_Flashcards___Cram_com__reflective_listening
the process of physical and mental development due to physiology [reflective listening]
maturation
[]
HGD adolescence Flashcards - Cram.com
reflective listening
http://www.cram.com/flashcards/hgd-adolescence-551556
43/1438042989042.37_20150728002309-00333-ip-10-236-191-2_380393747_0.json
8dfe0011_lescence_Flashcards___Cram_com__reflective_listening
binge eating and inappropiate compersatory methods to prevent weight gain. [reflective listening]
bulimia nervosa
[]
HGD adolescence Flashcards - Cram.com
reflective listening
http://www.cram.com/flashcards/hgd-adolescence-551556
43/1438042989042.37_20150728002309-00333-ip-10-236-191-2_380393747_0.json
8dfe0011_lescence_Flashcards___Cram_com__reflective_listening
the reversion to the self- cetered thinking patterns of childhood and sometimes occurs in the teen years. [reflective listening]
adolescent egocentrism
[]
HGD adolescence Flashcards - Cram.com
reflective listening
http://www.cram.com/flashcards/hgd-adolescence-551556
43/1438042989042.37_20150728002309-00333-ip-10-236-191-2_380393747_0.json
8dfe0011_lescence_Flashcards___Cram_com__reflective_listening
identity status is achieved through crises and commitment in four stages: identity confusion, identity forclosure, identity _______, and identity achievement . [reflective listening]
moratorium
[]
HGD adolescence Flashcards - Cram.com
reflective listening
http://www.cram.com/flashcards/hgd-adolescence-551556
43/1438042989042.37_20150728002309-00333-ip-10-236-191-2_380393747_0.json
8dfe0011_lescence_Flashcards___Cram_com__reflective_listening
marcia believes that to attain a mature identity, a person must undergo several crises in choosing from life alternatives and come to a _____ in his/her choices. [reflective listening]
commitment
[]
HGD adolescence Flashcards - Cram.com
reflective listening
http://www.cram.com/flashcards/hgd-adolescence-551556
43/1438042989042.37_20150728002309-00333-ip-10-236-191-2_380393747_0.json
8dfe0011_lescence_Flashcards___Cram_com__reflective_listening
james hill was the first to see that causations of adolescent changes are always embedded in the intricate interactions among _________ __________, and __________ forces. [reflective listening]
biological, psychological, social
[]
HGD adolescence Flashcards - Cram.com
reflective listening
http://www.cram.com/flashcards/hgd-adolescence-551556
43/1438042989042.37_20150728002309-00333-ip-10-236-191-2_380393747_0.json
8dfe0011_lescence_Flashcards___Cram_com__reflective_listening
graber and brooks-gunn hold that the precursors and outcomes of a variety of transitions are one kind of ______ ________ ________. [reflective listening]
transition-linked turning point
[]
HGD adolescence Flashcards - Cram.com
reflective listening
http://www.cram.com/flashcards/hgd-adolescence-551556
43/1438042989042.37_20150728002309-00333-ip-10-236-191-2_380393747_0.json
8dfe0011_lescence_Flashcards___Cram_com__reflective_listening
lerner characterized the adolescent transition as being distinguished by four traits: relative plasticity, historical embeddedness, diversity, and individual difference, and ________. [reflective listening]
relationism
[]
HGD adolescence Flashcards - Cram.com
reflective listening
http://www.cram.com/flashcards/hgd-adolescence-551556
43/1438042989042.37_20150728002309-00333-ip-10-236-191-2_380393747_0.json
8dfe0011_lescence_Flashcards___Cram_com__reflective_listening
g.s. hall, the father of adolescent pychology saw child development parelleling the development of the human race, with adolescence being a time both of civilization and of storm and _______ [reflective listening]
stress
[]
HGD adolescence Flashcards - Cram.com
reflective listening
http://www.cram.com/flashcards/hgd-adolescence-551556
43/1438042989042.37_20150728002309-00333-ip-10-236-191-2_380393747_0.json
8dfe0011_lescence_Flashcards___Cram_com__reflective_listening
puberty is a relatively abrut and qualitatively different set of physical changes in boys and girls that usually occurs at the beginning of the________years. [reflective listening]
teen
[]
HGD adolescence Flashcards - Cram.com
reflective listening
http://www.cram.com/flashcards/hgd-adolescence-551556
43/1438042989042.37_20150728002309-00333-ip-10-236-191-2_380393747_0.json
8dfe0011_lescence_Flashcards___Cram_com__reflective_listening
although there is rather a wide normal range of development as relates to the onset of puberty, early,or late maturing childern can be affected socially and________. [reflective listening]
psychologically
[]
HGD adolescence Flashcards - Cram.com
reflective listening
http://www.cram.com/flashcards/hgd-adolescence-551556
43/1438042989042.37_20150728002309-00333-ip-10-236-191-2_380393747_0.json
8dfe0011_lescence_Flashcards___Cram_com__reflective_listening
_____maturing boys are often peer groups leaders. [reflective listening]
early
[]
HGD adolescence Flashcards - Cram.com
reflective listening
http://www.cram.com/flashcards/hgd-adolescence-551556
43/1438042989042.37_20150728002309-00333-ip-10-236-191-2_380393747_0.json
8dfe0011_lescence_Flashcards___Cram_com__reflective_listening
one hundred years ago the average maturing girl was physcially much like the late maturing girl today. this phenomenon is called _____ _____. [reflective listening]
secular trend
[]
HGD adolescence Flashcards - Cram.com
reflective listening
http://www.cram.com/flashcards/hgd-adolescence-551556
43/1438042989042.37_20150728002309-00333-ip-10-236-191-2_380393747_0.json
8dfe0011_lescence_Flashcards___Cram_com__reflective_listening
_____ _____ is a syndrome is self-starvation characterized, in part, by intense fear of becoming obese, disturbance of the body image, and significant weight loss. [reflective listening]
anorexia nervosa
[]
HGD adolescence Flashcards - Cram.com
reflective listening
http://www.cram.com/flashcards/hgd-adolescence-551556
43/1438042989042.37_20150728002309-00333-ip-10-236-191-2_380393747_0.json
8dfe0011_lescence_Flashcards___Cram_com__reflective_listening
inexploring coginative development, we examine Piaget's four stages of cognative development: sensorimotor, preoperational,______ operational,and formal operational. [reflective listening]
concrete
[]
HGD adolescence Flashcards - Cram.com
reflective listening
http://www.cram.com/flashcards/hgd-adolescence-551556
43/1438042989042.37_20150728002309-00333-ip-10-236-191-2_380393747_0.json
8dfe0011_lescence_Flashcards___Cram_com__reflective_listening
formal operational mean that a person can form ______ mental operations. [reflective listening]
abstract
[]
HGD adolescence Flashcards - Cram.com
reflective listening
http://www.cram.com/flashcards/hgd-adolescence-551556
43/1438042989042.37_20150728002309-00333-ip-10-236-191-2_380393747_0.json
8dfe0011_lescence_Flashcards___Cram_com__reflective_listening
Elkind presents the concepts of aldolescent egocentrism which includes an ____ _____ and the personal fable. [reflective listening]
imaginary audience
[]
HGD adolescence Flashcards - Cram.com
reflective listening
http://www.cram.com/flashcards/hgd-adolescence-551556
43/1438042989042.37_20150728002309-00333-ip-10-236-191-2_380393747_0.json
8dfe0011_lescence_Flashcards___Cram_com__reflective_listening
thinking skills can be seperated into convergent (coming together with a single correct answer) and _____(exploring the many possible answers to a questions). [reflective listening]
divergent
[]
HGD adolescence Flashcards - Cram.com
reflective listening
http://www.cram.com/flashcards/hgd-adolescence-551556
43/1438042989042.37_20150728002309-00333-ip-10-236-191-2_380393747_0.json
8dfe0011_lescence_Flashcards___Cram_com__reflective_listening
David Feldman calims that some children are precocious (doing what others do, but a younger age), while other children are______ (having a qualitatively greater ability than thr rest of us). [reflective listening]
prodigious
[]
HGD adolescence Flashcards - Cram.com
reflective listening
http://www.cram.com/flashcards/hgd-adolescence-551556
43/1438042989042.37_20150728002309-00333-ip-10-236-191-2_380393747_0.json
8dfe0011_lescence_Flashcards___Cram_com__reflective_listening
_____ ________ is sometimes typified by withdrawal from reality. [reflective listening]
identity confusion
[]
HGD adolescence Flashcards - Cram.com
reflective listening
http://www.cram.com/flashcards/hgd-adolescence-551556
43/1438042989042.37_20150728002309-00333-ip-10-236-191-2_380393747_0.json
8dfe0011_lescence_Flashcards___Cram_com__reflective_listening
which of the following is part of the male reproductive system? a. fimbrie b. vas deferens c. cevix d. ova [reflective listening]
vas deferens
[]
HGD adolescence Flashcards - Cram.com
reflective listening
http://www.cram.com/flashcards/hgd-adolescence-551556
43/1438042989042.37_20150728002309-00333-ip-10-236-191-2_380393747_0.json
8dfe0011_lescence_Flashcards___Cram_com__reflective_listening
what controls the sexual characteristics in both males and females? a. pituitary gland b. bartholin's glands c. cowper's glands d. epididymis [reflective listening]
pitutary gland
[]
HGD adolescence Flashcards - Cram.com
reflective listening
http://www.cram.com/flashcards/hgd-adolescence-551556
43/1438042989042.37_20150728002309-00333-ip-10-236-191-2_380393747_0.json
8dfe0011_lescence_Flashcards___Cram_com__reflective_listening
what marks the onset of puberty? [reflective listening]
no single event marks the onset of puberty
[]
HGD adolescence Flashcards - Cram.com
reflective listening
http://www.cram.com/flashcards/hgd-adolescence-551556
43/1438042989042.37_20150728002309-00333-ip-10-236-191-2_380393747_0.json
8dfe0011_lescence_Flashcards___Cram_com__reflective_listening
adolescents who are dependent and child like,who feel a growing dislike for their bodies, and who become more introverted and self rejecting because of it are likely to be. [reflective listening]
late maturing females
[]
HGD adolescence Flashcards - Cram.com
reflective listening
http://www.cram.com/flashcards/hgd-adolescence-551556
43/1438042989042.37_20150728002309-00333-ip-10-236-191-2_380393747_0.json
8dfe0011_lescence_Flashcards___Cram_com__reflective_listening
the identity status in which numerous crises have been experienced and resolved and relatively permanents commitments have been made is called___. [reflective listening]
a. identity moratoriam b. identity achievement c. foreclosed identity d. confused identity
[]
HGD adolescence Flashcards - Cram.com
reflective listening
http://www.cram.com/flashcards/hgd-adolescence-551556
43/1438042989042.37_20150728002309-00333-ip-10-236-191-2_380393747_0.json
8dfe0011_lescence_Flashcards___Cram_com__reflective_listening
the decreasing age of the onset of puberty is referred to as [reflective listening]
a. early physical maturation b. early psychological maturity c. the evolutionary trend d. the secualar trend
[]
HGD adolescence Flashcards - Cram.com
reflective listening
http://www.cram.com/flashcards/hgd-adolescence-551556
43/1438042989042.37_20150728002309-00333-ip-10-236-191-2_380393747_0.json
8dfe0011_lescence_Flashcards___Cram_com__reflective_listening
one of the traits by which lerner characterized the adolescent transition is [reflective listening]
a. independance b. eatinbg disorder c. relative plasticity d. negative body image
[]
HGD adolescence Flashcards - Cram.com
reflective listening
http://www.cram.com/flashcards/hgd-adolescence-551556
43/1438042989042.37_20150728002309-00333-ip-10-236-191-2_380393747_0.json
8dfe0011_lescence_Flashcards___Cram_com__reflective_listening
from the standpoint of adolescence, the most important of Erikson's eight stages if the ______stage. [reflective listening]
a. identity b. autonmy c. intimacy d. industry
[]
HGD adolescence Flashcards - Cram.com
reflective listening
http://www.cram.com/flashcards/hgd-adolescence-551556
43/1438042989042.37_20150728002309-00333-ip-10-236-191-2_380393747_0.json
8dfe0011_lescence_Flashcards___Cram_com__reflective_listening
what occurs during Piaget's formal operational stage? [reflective listening]
concrete operational combine to become formal operations
[]
HGD adolescence Flashcards - Cram.com
reflective listening
http://www.cram.com/flashcards/hgd-adolescence-551556
43/1438042989042.37_20150728002309-00333-ip-10-236-191-2_380393747_0.json
8dfe0011_lescence_Flashcards___Cram_com__reflective_listening
one of the critisms of Piaget's theory of cognitve develpoment is that it [reflective listening]
does not account for culture and gender influences
[]
HGD adolescence Flashcards - Cram.com
reflective listening
http://www.cram.com/flashcards/hgd-adolescence-551556
43/1438042989042.37_20150728002309-00333-ip-10-236-191-2_380393747_0.json
8dfe0011_lescence_Flashcards___Cram_com__reflective_listening
to think of oneself in heroic or mythical terms is known as [reflective listening]
a. egocentrism b. imaginary audience c. the personal fable d. invincibility
[]
HGD adolescence Flashcards - Cram.com
reflective listening
http://www.cram.com/flashcards/hgd-adolescence-551556
43/1438042989042.37_20150728002309-00333-ip-10-236-191-2_380393747_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Agent
One (agent) who acts on behalf of another (principal)
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Apparent Authority
Authority that a third party reasonaly believes an agent has based on the principal's holding the hange out as being the principal's agent.
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Appraisal Rights
Shareholders who are dissatisfied with most fundamental corporate changes have an oppourtunity to dissent and demand that they corporation pay them the fair value of their shares rather than remain shareholders of a fundamentally changed corporation.
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Articles of incorporation
Formation filing documents of a corporation and are filed with the state in which the business is located.
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Articles of Organization
Formation filing documents of a Limited Liability Corporation.
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Authorized Shares
Shares described in the articles
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Business Judgement Rule
A director will not be liable to the corporation for acts performed or decisions made in good faith, in a manner the director believes to be in the best interest of the corporation, and with the care an ordinarily prudent person in a like position would exercise.
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Bylaws
Contains the rules for running the corporation. They are not part of the articles of incorporation and are not required to be filed by the state.
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] C Corporation
A corporation that is taxed as an entity distinct from its owners.
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Certificate of Authority
Authority granted by a state authorizing a foreign corporation to transact business within the state
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Charging Order
Court order used by a creditor of an individual partner may obtain an interest against an individual partner's share of profits.
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Closely held Corporation
The articles of incorporation can eliminate the board of directors and provide that they shareholders shall have the power of the board, but this is not typical expect in small corporations.
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Common Stock
Class of stock that will carry with it all rights of stock ownership
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Confessing a Judgement
Admitting liability in a lawsuit.
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Consolidation
One or more corporations joining together to form a new corporation.
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Corporate Opportunity Doctrine
If a director is presented witha business opportunity that would be of interest to his corporation, generaly the duty of loyalty prohibits the director from taking the opportunity himself.
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Corporation
Legal entity distinct from its owners and managers. They are created by complying with a state incorporation statute.
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Corporation by Estoppel
Under the estoppel doctrine, a party who treats a business as if it were a vaildy formed corporation will be estopped (legally barred) from claiming in a legal proceeding that the corporation was not validly formed. This applies to third parties who treat the business as a corporation as well as to the business itself
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Cumulative Preferred Shares
Shares with a preference usually are entitled to a fixed amount of money before distributions can be made with respect to nonpreferred shares. With cumulative preferred shares, if a dividend
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] De Facto Corporation
If all the requirements for incorporation are not met, the business might still be treated as a corporation (and protect its owners, officers, and directors from personal liability). If the incorporators made a good faith attempt to incorporate, and operated as if they had incorporated, the business will be treated as ...
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] De Jure Corporation
If all the requirements for incorporation are met, the corporation is said to be "de jure" and its existence will be recognized for all purposes
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Debt Securities
Debt Securities are bonds. It represents a creditor-debtor relationship with the corporation whereby the corporation has borrowed funds from "outside investors" and promises to pay.
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Derivative Action
When a corporation has a legal cause of action against someone but refuses to bring the action, the shareholders may have a right to bring a shareholder derivative action to enforce the corporation's rights. Such an action may be brought against the director of the corporation or outsiders.
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Directors
Individuals with the general authority and responsibility for management of the corporation. In most corporations, the board of directors delegates the power to run the corporation on a day-to-day basis to the officers.
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Dissociation
Change in the relationship of the partners caused by any partner ceasing to be associated in the carrying on of the business. The remaining partners have the right to continue the business.
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Dissolution
Upon dissolution, the partnership is terminated and the business must be wound up
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Dividends
Distribution of corporate profits as ordered by the directors and paid to the shareholders
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Domestic Corporation
Corporation incorporated within the state
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Equity Securities
Stocks - An instrument representing an investment in the corporation whereby its holder becomes a part owner of the business.
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Fictitious Name Statutes
State laws that require persons conduction a business under an assumed name to file with the state the name under which the business is conducted and the real names and addresses of all person conducting the business
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Fiduciary Duty
Duty of utmost loyalty and good faith owed by an agent to her principal
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Foreign Corporation
Corporation doing business in a state other than its state of incorporation
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Fundemental Changes
Issues that might fundamentally change the nature of the entity
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] General Partner
Person in either a general or limited partnership with unlimited personal liability and the right to take part in the management of the business.
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Greenmail
When a corporation is faced with the prospect of being taken over and the BOD wants to resist the takeover attempt, it will pay the person or company attempting the takeover to abandon its takeover attempt
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Incorporator
The party responsible for forming the corporation by filing articles of incorporation with the state.
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Indemnification
Duty of a business entity to reimburse those properly acting on behalf of the entity for losses incurred.
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Issued Shares
The corporation issues some or all of the authorized shares.
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Joint and Several Liability
Liability whereby creditors may sure partners jointly or sue partners individually
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Joint Venture
An associate of persons with the intent of engaging in a single business venture for profit.
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Limited Liablity (of shareholders, limited partners, and LLC members)
The creditors are prevented from accessing the personal assets of the individual. Their liability is limited to their investment in the entity.
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Limited Liability Company (LLC)
Form of business entity that offers its owners (called members) one of the main advantages of the corporate form of business (ie they are not personally liable for the obligations of the company) and all of the tax advantages of a partnership. It is a hybrid business organization that combines characteristics of corpor...
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Limited Liability Partnership (LLP)
An association of 2 or more persons who agree to carry on as co-owners a business for profit. An LLP differs from a general partnership in that a partner in an LLP is not personally liable for the obligations or liabilities of the partnership arising from erros, omissions, negligence, malpractice, or the wrongful acts ...
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Limited Partner
Partner with limited liability as to his personal assets, risking only his investment in the limited partnership. A limited partner is not an agent of the partnership.
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Limited Partnership
A partnership made up of one or more general partners and one or more limited partners.
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Locking up the Crown Jewels
When a corporation is face with the prospect of being taken over and the board of directors wants to resist the takeover attempt, it will give a third party an option to purchase the company's most valuable assets.
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Members
Owners of a limited liability company.
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Merger
Involves one or more corporations merging into another corporation. One corporation survives the merger and contiues in existence and the other merging corporations cease to exist following the merger.
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Noncumulative Preferred Shares
Shares with a preferenced are usually entitled to a fixed amount of money before distributions can be made with respect to nonpreferred shares. Unless the dividend is cumulative the right to a dividend preference is extinguished if it is not declared for that year.
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Officers
Parties elected by the board of directors to managed the corporation on a day-to-day basis. They are agents of the corporation.
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Outstanding Shares
Shares in the shareholders hands
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Par Value
Specific face value placed on stock
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Piercing the Corporate Viel
In some circumstances, the courts will hould the shareholders, officers, or directors of a corporation liable because the legislative privilege of conducting business in corporate form is being abused.
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Preemptive Rights
When a corporation proposes to issue additional shares of stock, current shareholders often want to purchase some shares in order to maintain their proportional voting strength through special rights referred to as "preemptive rights" that must be granted in the articles of incorporation
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Preferred Stock
Ownership interest in a company that is preferred in some manner (dividends or assets) over the common stockholders in the case of liquidation.
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Promoter
Individuals who form a coproation. Responsible for the procurement of commitments for capital that will be used by the corporation after formation. Promoters enter into contracts with third partiers who are interested in becoming shareholders and might also enter into contracts for goods or services to be provided to t...
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Proxy
Written authorization given to third parties for the purposes of voting shares on behalf of the shareholder.
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Quorum
Minimum number of parties that must be present for a valid vote or transaction
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Registered Agent
The person on whom process may be served if the limited partnership, LLC, or corporation is sued.
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Revised Model Business Corporation Act (RMBCA)
Uniform law governing corporations that has beed adopted by a slight majority of the states
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BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json
a9a93d88_minology_Flashcards___Cram_com__implied_from_the_express_grant
[Actual Authority] Revised Uniform Limited Partnership Act (RULPA)
Uniform law governing limited partnerships that has been adopted by a majority of the states
[]
BEC Module 1 Terminology Flashcards - Cram.com
All authority that a principal expressly gives to an agent plus any authority that can reasonably be implied from the express grant
http://www.cram.com/flashcards/bec-module-1-terminology-638470
43/1438042988399.65_20150728002308-00293-ip-10-236-191-2_381146333_0.json