Question

Identify which of the following statements are true for the corporate form of organization. (You may select more than one ans 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.) Corporations are often subject to fewer regulations than partnerships. Generally there is no double taxation on corporate income that is distributed to owners. It does not end with the death of an owner. Stockholders do not have the power to bind the corporation to contracts. It has many of the same rights as an individual. ✓ Directors oversee its business affairs, Owners are personally liable for corporate debts.

Answer 1

The correct statements are:-

c) It does not end with the death of an owner

d) Stockholders do not have the power to bind the corporation to contracts

e) It has many of the same rights as an individual

f) Directors oversee its business affairs

Corporations are considered artifical person's and enjoy some of the rights as an individual has, like the ability to enter into legal contracts by themselves.