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Questions and Answers
Which entity is liable for the actions and finances of a corporation?
Which entity is liable for the actions and finances of a corporation?
- Management
- Board of directors
- Executive directors
- Shareholders (correct)
What are the characteristics of a corporation?
What are the characteristics of a corporation?
- Ownership in property
- Ownership in partnerships
- Ownership in sole proprietorships
- Ownership in shares (correct)
What is the role of the board of directors in a corporation?
What is the role of the board of directors in a corporation?
- Run the company
- Own the company
- Appoint the management (correct)
- Elect the shareholders
What are the two types of limited companies?
What are the two types of limited companies?
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Who owns a corporation but does not run it?
Who owns a corporation but does not run it?
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