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Corporations 101

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Questions and Answers

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?

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?

Run the company

Own the company

Appoint the management (correct)

Elect the shareholders

What are the two types of limited companies?

<p>Limited by Guarantee and Limited by Shares (A)</p> Signup and view all the answers

Who owns a corporation but does not run it?

<p>Shareholders (D)</p> Signup and view all the answers

Corporations 101

Choose a study mode

Podcast

Questions and Answers

Which entity is liable for the actions and finances of a corporation?

What are the characteristics of a corporation?

What is the role of the board of directors in a corporation?

What are the two types of limited companies?

Who owns a corporation but does not run it?

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