Which of the following statements are true regarding corporations? Note: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect. ? Stockholders do not have the power to bind the corporation to contracts. ? The sale of shares from one stockholder to another does not impact operations. An exception is when it changes the makeup of directors. ? It does not end with the death of an owner. ? Stockholders are expected to hire and fire key executives. ? The president and vice presidents choose the board of directors. ? Owners are not agents of the corporation. ? It has many of the same rights as an individual.

Which of the following statements are true regarding corporations? Note: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect. ? Stockholders do not have the power to bind the corporation to contracts. ? The sale of shares from one stockholder to another does not impact operations. An exception is when it changes the makeup of directors. ? It does not end with the death of an owner. ? Stockholders are expected to hire and fire key executives. ? The president and vice presidents choose the board of directors. ? Owners are not agents of the corporation. ? It has many of the same rights as an individual.

Business/Professional Ethics Directors/Executives/Acct

8th Edition

ISBN:9781337485913

Author:BROOKS

Publisher:BROOKS

Chapter3: Ethical Behaviour- Philosophers Contributions

Section: Chapter Questions

Problem 5Q

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Which of the following statements are true regarding corporations? Note: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect. It has many of the same rights as an individual. The sale of shares from one stockholder to another does not impact operations. An exception is when it changes the makeup of directors. Stockholders are expected to hire and fire key executives. It does not end with the death of an owner. Corporate income that is distributed to shareholders is usually taxed twice. Corporations are often subject to fewer regulations than partnerships. The president and vice presidents choose the board of directors.
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