Pearson eText Business in Action -- Instant Access (Pearson+)
Pearson eText Business in Action -- Instant Access (Pearson+)
9th Edition
ISBN: 9780135636459
Author: Courtland Bovee, John Thill
Publisher: PEARSON+
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Chapter 5, Problem 13QA
Summary Introduction

To discuss: Role of shareholders in controlling the activites of a corporation.

Corporations: These are separate and distinct entities from the owners. It is a voluntary associations of persons formed and organized to carry on a business. There are unlimited number of shareholders, shareholders can participate in managing the business. Liability is limited to the extent of shares held.

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