Answer the following statement(s) true (T) or false (F)
1. A proxy is a written statement, signed by the shareholder, allowing someone else to cast his or her number of votes.
2. A problem with corporations is that it is difficult to transfer ownership of a corporation.
3. Secrecy and limited taxation are distinct advantages of the corporation.
4. A limited liability corporation (LLC) has all the benefits of a partnership, but also limits the liability of each investor to the amount of their investment.
5. The limited liability corporation (LLC) is similar to an S corporation in that both cannot have more than 35 investors.
1. TRUE
2. FALSE
3. FALSE
4. TRUE
5. FALSE
You might also like to view...
Confirmation questions are most likely intended to reveal:
A) mutual understanding B) pain and implications C) problems and situations D) negotiation capabilities E) pleasure satisfaction
D'Costas, an authentic Mexican restaurant, has many restaurants all over the world. The taste and authenticity of the food served is the same irrespective of the restaurant one visits. Based on this information, D'Costas follows the strategy of _____
a. retail channel omnification b. product adaptation c. mass customization d. global marketing standardization
The starting salaries of individuals with an MBA degree are normally distributed with a mean of $40,000 and a standard deviation of $5,000. What is the probability that a randomly selected individual with an MBA degree will get a starting salary of at least $30,000?
A. 0.4772 B. 0.9772 C. 0.0228 D. 0.5000
The ability to put our currency into our wallets or purses illustrates the importance of ____________________.
Fill in the blank(s) with the appropriate word(s).