WGU Financial-Management Q&A - in .pdf

  • Financial-Management pdf
  • Exam Code: Financial-Management
  • Exam Name: WGU Financial Management VBC1
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  • Q & A: 365 Questions and Answers
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NEW QUESTION: 1
Sam is creating a mobile application using the Mobile controls. When a user opens a page from a view, she would like the view page to fade in when the user returns to it. How can she accomplish this?
A. On the page heading control, Sam should set the transition
Answer: A

NEW QUESTION: 2
What are two possible reasons for a Gateway not getting started?
A. The provisioning file may contain incorrect Activation ID and incorrect Activation Secret.
B. The IoT Service may be down.
C. There is an invalid certificate.
D. The provisioning file may contain correct Activation ID and Activation Secret.
Answer: A,B

NEW QUESTION: 3
The limited liability of the shareholders of a closely-held corporation will most likely be disregarded if the
shareholders:
A. Formed the corporation solely to limit their personal liability.
B. Lend money to the corporation.
C. Undercapitalized the corporation when it was formed.
D. Are also corporate officers, directors, or employees.
Answer: C
Explanation:
Choice "c" is correct. The "corporate veil" can be pierced in situations in which the corporation was
undercapitalized at formation, where it is the alter ego of the shareholders, or when it used to perpetrate a
fraud. Choice "a" is incorrect. Shareholders may lend money to their corporation. This does not make
such shareholders personally liable for the corporation's debt. Choice "b" is incorrect. Officers, directors,
and employees are not personally liable for the corporation's debt, and there is no reason to change this
role merely because such persons also own shares. Choice "d" is incorrect. The desire to limit liability is a
valid reason to adopt the corporate form and will not, by itself, allow the "corporate veil" to be pierced.

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