Capital Investment Corporation and Durable Goods, Inc., form a business trust. Excel Company and Finest Corporation form a joint stock company. Growing Acres Corporation and Hybrid Farms, Inc., form an incorporated cooperative. What features do these combinations of business organization have in common?
What will be an ideal response?
There are differences among these forms of business organizations, but all of them resemble corporations. For example, the joint stock company features ownership by shares of stock, management by directors and officers, and perpetual existence. Similar to a corporation, a business trust distributes profits to persons who are not personally responsible for the debts of the firm, and the management of the business is accomplished by trustees (a corporation is managed by its directors and officers). An incorporated cooperative, which is subject to state laws covering nonprofit corporations, distributes profits to its owners.
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A) use text-messaging jargon and emoticons to show that you're tech-savvy. B) remember that most employers won't bother to read it. C) use it as a free-form way to convey your career aspirations. D) treat it with same care that you took with your résumé. E) outline the job, benefits and salary range you are seeking.
Which of the following statements is true about a journal entry?
a. Decreases in liabilities are indented. b. The Post. Ref. column is left blank until entries are posted. c. A line is skipped between each debit and each credit. d. Assets are entered before liabilities.
Interdependent teams, such as vice presidents and shift managers, are organized by their respective ______.
a. small business unit b. function c. level d. leader
Companies HD and LD have identical tax rates, total assets, and return on invested capital (ROIC), and their ROIC exceeds their after-tax cost of debt, (1-T) rd. However, Company HD has a higher debt ratio and thus more interest expense than Company LD. Which of the following statements is CORRECT?
A. Company HD has a lower ROA than Company LD. B. Company HD has a lower ROE than Company LD. C. The two companies have the same ROA. D. The two companies have the same ROE. E. Company HD has a higher net income than Company LD.