Under the corporate form of business organization, a. stockholders wishing to sell their shares must get the approval of other stockholders. b. stockholders' acts can bind the corporation even though the stockholders have not been appointed as agents of the corporation. c. a stockholder is personally liable for the debts of the corporation. d. stockholders wishing to sell their shares need not get the approval of other stockholders, thus making it easy to transfer ownership rights.

Adamson company manufactures four lines of garden tools. as a result of an activity analysis, the accounting department has identified eight activity cost pools. each of the product lines is produced in large batches, with the whole plant devoted to one product at a time. classify each of the following activities or costs as either unit-level, batch-level, product-level, or facility-level. activities (a) machining parts. (b) product design. (c) plant maintenance. (d) machine setup. (e) assembling parts. (f) purchasing raw materials. (g) property taxes. (h) painting.