Question

Identify which of the following statements are true for the corporate form of organization. (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.) 

? It has many of the same rights as an individual. 

? It does not end with the death of an owner. 

?The sale of shares from one stockholder to another does not impact operations. An exception is when it changes the makeup of directors. 

?Stockholders do not have the power to bind the corporation to contracts. 

? Owners are personally liable for corporate debts. 

? Generally there is no double taxation on corporate income that is distributed to owners. 

?Corporations are often subject to fewer regulations than partnerships.

Answer 1

Statement True/False TRUE 2 TRUE TRUE TRUE FALSE FALSE FALSE