TRUE OR FALSE.  IF FALSE WHY. Shareholders elect the board of directors which appoints the management of a corporation.

The owners of a corporation are called O partners O bondholders government agents O shareholders

What is an important reason business owners choose the election for s corporation status.

Under the corporate form of business organization, Group of answer choices a)ownership rights are easily transferred b)a stockholder is personally liable for the debts of the corporation c)stockholders’ acts can bind the corporation even though the stockholders have not been appointed as agents of the corporation d)stockholders wishing to sell their corporate shares must get the approval of other stockholders

Who is liable for a corporation's debts and obligations? OA. the limited partners OB. the general partners OC. the corporation OD. the registered agent OE. the shareholders

Explain the importance of corporate governance to publicly-held company in relation to any interest that it has in being profitable.

Distinguish between not-for-profit and for-profit corporations.

Define what a corporation is, the types that exist and their characteristics.