When the founder of a corporation dies or leaves the company, that corporation
A. must reorganize.
B. must issue new shares of common stock.
C. loses its limited liability status.
D. can continue its operations uninterrupted.
Answer: D
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A firm whose production process exhibits constant returns to scale would find that if it doubled all of its inputs, its output would ________.
A. double B. less than double C. more than double D. remain constant
"Ceteris paribus" refers to the idea that if more than two variables are graphed, only one variable must be held constant
Indicate whether the statement is true or false
The mass use of credit cards began in 1958 with the BankAmericard. Its name changed in 1976 to
A) Visa B) Master Card C) Visa D) American Express
Professional securities analysts achieve high rate of investment success following a random walk strategy.
Answer the following statement true (T) or false (F)