You decide to incorporate your bracelet business and get your mother and brother involved in the corporation. your executive committee is made up of you as the president, your mother as the secretary, and your brother as the treasurer. the three of you are the key officers of the corporation, with you as the ceo, your mother as the head of hr, and your brother as the cfo. the brady business friendship bracelet (bbfb), inc., conglomerate is ridiculously successful, earning the three key executives over $100,000 each in salary and bonuses. before you begin operating, the bbfb decides to become an s corp designation and to remain a closely held corporation. the corporation is sued in the state where it is incorporated. every member of the board of directors is liable personally for the lawsuit. true false

Wo firms, a and b, each currently dump 50 tons of chemicals into the local river. the government has decided to reduce the pollution and from now on will require a pollution permit for each ton of pollution dumped into the river. it costs firm a $100 for each ton of pollution that it eliminates before it reaches the river, and it costs firm b $50 for each ton of pollution that it eliminates before it reaches the river. the government gives each firm 20 pollution permits. government officials are not sure whether to allow the firms to buy or sell the pollution permits to each other. what is the total cost of reducing pollution if firms are not allowed to buy and sell pollution permits from each other? what is the total cost of reducing pollution if the firms are allowed to buy and sell permits from each other? a. $3,000; $1,500 b. $4,500; $3,500 c. $4,500; $4,000 d. $4,500; $2,500