The stockholders elect a board of directors and the board determines corporate policies and selects the corporate officers.

Answer the following statement true (T) or false (F)


True

Business

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Risks are managed by

A) transferring risk. B) avoiding risk. C) accepting risk. D) all of the above.

Business

An unauthorized signature binds the person whose name is signed.

Answer the following statement true (T) or false (F)

Business

Corporations come into existence as the result of the activities of one or more persons known as promoters

Indicate whether the statement is true or false

Business

The sales tax in a particular county is 5.2%. A taxable sale of $1,560 will have how much added in sales tax?

Business