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Corporations Flashcards | StudBud
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Corporations
Corporations
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StudBud Administration
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Flashcards
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Questions
14
Answers
1
True or false? Corporations must hold a corporate charter.
False
True
2
Which of the following is an example of a limited liability corporation?
Apple
Starbucks
Chrysler
Coke
3
True or false? A corporation does not pay taxes.
False
True
4
Corporations can raise large amounts of capital by. . .
Selling shares on the stock market
Partaking in partnerships
Charging royalties
5
Who is NOT liable for debt?
Shareholders
Corporate officers
Board of directors
6
Corporations need (a) ___ range of skills for management.
Large
Slight
No
7
Is it easy to start a corporation?
No
Yes
8
A corporation is:
A certificate of ownership
Semi-independent business that pays fees to a parent company
A buinesses organization owned by two or more persons
A legal entity owned by individual stock holders
9
True or False: a corporation has more growth potential than any other business forms
False
True
10
Corporations have the advantage of a long life because stock is ______.
Abundant
Incorperated
Transferable
Limited
11
Who has management responsibility?
Employees
Corporate Officers, Board of Directors
Stockholders
Owners
12
True or false? Owners and investors have complete control.
False
True
13
What is the FIRST step to a corporation's startup?
The corporation sells bonds
The corporation pays stockholders with dividends
The corporation obtains a charter
The corporation must file for a state license
14
Who receives the profits? (2 answers)
Stockholders
Corporation
Board of Directors
Limited Liability Corporations
