Which of the following was NOT among the advantages of the corporate form of business organization?
A. It continued to exist even if a shareholder died.
B. It separated the owners from those who actually managed the firm.
C. It designated a person personally responsible by law for corporation debts.
D. It could raise needed capital quickly and efficiently.
Answer: C
You might also like to view...
According to Johnson, Rush, and Feagin, the UN’s Universal Declaration of ______ was used in the beginning debates on an egalitarian democracy.
A. Human Rights B. Voting Rights C. Civil Rights D. Class Rights
Early romantics tended to be __________.
A. politically conservative B. agnostic C. believers in popular democracy D. enchanted with growing cities
In the months leading up to Pearl Harbor,
a. relations between the United States and Japan appeared to be getting better. b. Germany withdrew its troops from the Soviet Union. c. Japan signed a nonaggression pact with China. d. FDR froze Japanese assets and increased U.S. naval presence in the Pacific.
What incident prompted the racial violence in Wilmington, North Carolina?
A) The KKK held a very large parade in the city's downtown area. B) The editor of a local black newspaper wrote an editorial that condemned white men for the sexual exploitation of black women and suggested that black men had sexual liaisons with rural white women. C) Blacks decided that only violence would end segregation. D) A young black woman decided that she would sit in the white section of a streetcar.