Which of the following statements always apply to corporations?  (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. Any boxes left with a question mark

When a corporation is dissolved voluntarily, no winding up of the business is necessary. True False

Current Attempt in Progress Which of the following is NOT an advantage of the corporate form of business organization? O unlimited life O unlimited personal liability for shareholders O transferability of ownership O limited liability of shareholders Save for Later Attempts: 0 of 1

You need to go the office of DTI if you will register your corporation. true or false? Registering your business trade name is done in the office of SEC C. Mayor’s Office DTI D. Philhealth Office Which of the following is not a benefit of record keeping? It will not help in managing potential risks. It will measure profit and performance. It will protect the rights of the owner. It will not let you know how much you are earning.

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. Any boxes left with a question mark will be automatically graded as incorrect.) ? Corporate income that is distributed to shareholders is usually taxed twice. ? Corporations are often subject to fewer regulations than partnerships. ? The sale of shares from one stockholder to another does not impact operations. An exception is when it changes the makeup of directors. ? It has many of the same rights as an individual. ? It does not end with the death of an owner. ?Stockholders are expected to hire and fire key executives. ? The president and vice presidents choose the board of directors.

The main disadvantages of a Corporation as a form of business organization include double taxation and unlimited liability of its shareholders. Question 5Select one: True False

Which of the following is true about this statement: "In a sole proprietorship, the owner's personal assets are at risk if the business is not successful." Is this true?   a) No, personal assets are protected by sole proprietorship laws.   b) Yes, there is no protection for personal assets with sole proprietorships.   c) No, personal assets are only at risk with corporations.   d) Yes, this is true for all forms of business.

QUESTION 2 Q2. A common problem for closely held corporations is:     an abundance of agency problems.     lack of access to substantial amounts of capital.     that shareholders receive only one vote each.     the separation of ownership and management.