Which of the following statements is false? O The government taxes the income of corporations separately. O Unless the articles of incorporation specify, shareholders do not participate in corporate management. O Generally, shareholders can freely transfer their corporate shares. O Corporations do not assume liability for corporate actions. O Corporations can keep profits, or retained earnings, to reinvest.

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
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Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
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Economics
Which of the following statements is false?
O The government taxes the income of corporations separately.
O Unless the articles of incorporation specify, shareholders do not participate in corporate management.
O Generally, shareholders can freely transfer their corporate shares.
O Corporations do not assume liability for corporate actions.
O Corporations can keep profits, or retained earnings, to reinvest.
Transcribed Image Text:Economics Which of the following statements is false? O The government taxes the income of corporations separately. O Unless the articles of incorporation specify, shareholders do not participate in corporate management. O Generally, shareholders can freely transfer their corporate shares. O Corporations do not assume liability for corporate actions. O Corporations can keep profits, or retained earnings, to reinvest.
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