Which of the following statements is true of stockholders of corporations?
A. They actively participate in the management of the company.
B. They do not have to be individuals.
C. They do not elect a board of directors.
D. They appoint the chief executive officer of the company.
Answer: B
You might also like to view...
A delivery truck owned by Martin's Lumber backed into a car owned by Bonnie. Bonnie asked Martin's Lumber to pay for the repairs to her car. Bonnie is asking for _____ damages.
A. exemplary B. noneconomic C. compensatory D. punitive
Partners Ken and Macki each have a $40,000 capital balance and share income and losses in a ratio of 3:2 . Cash equals $20,000, noncash assets equal $120,000, and liabilities equal $60,000 . If the noncash assets are sold for $50,000, and each partner is personally insolvent, Partner Macki will eventually receive cash of
a. $0 b. $10,000 c. $12,000 d. $20,000
Sparklers Services, Inc. pays $1,350,000 to acquire 35% of voting stock of Global Investments, Inc. on March 5, 2018. When this transaction is recorded, the ________.
A) total equity will increase B) total assets will increase C) total assets will decrease D) total cash will decrease
Agency rulemaking is acknowledged and authorized in which article of the U.S. Constitution?
a. Article I b. Article II c. Article III d. None of the above