This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following is a consequence of a corporation being a separate entity from its owners? A) ... (Read 75 times)

DyllonKazuo

  • Hero Member
  • *****
  • Posts: 565
on: Jul 14, 2018
Which of the following is a consequence of a corporation being a separate entity from its owners?
 A) The owners are not personally responsible for the obligations of a company.
  B) The articles of incorporation are not required to set up a corporation.
  C) A corporation cannot enter into binding contracts in its name.
  D) The death or withdrawal of an owner dissolves a corporation.

Question 2

What are the primary responsibilities of the board of directors? What do corporate officers manage?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mammy1697

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jul 14, 2018
Answer to Question 1

A

Answer to Question 2

The major responsibilities of the board of directors are to set company goals and develop general plans (or strategies) for meeting those goals of the corporation. The board of directors is responsible for the firm's overall operation as well as appointing corporate officers. The corporate officers help the board to make plans, carry out the plans, hire employees, and manage day-to-day activities.


DyllonKazuo

  • Member
  • Posts: 565
Reply 2 on: Jul 14, 2018
Great answer, keep it coming :)

bitingbit

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Examples of USP labels Source: Courtesy of Novartis Pharmaceuticals Corporation and Mallinckrodt Pha Examples of USP labels Source: Courtesy of Novartis Pharmaceuticals Corporation and Mallinckrodt Pha
Serum protein electrophoresis is a technique in which serum components separate into 5 different ... Serum protein electrophoresis is a technique in which serum components separate into 5 different ...
Separate the metatarsals. Create space between the metatarsals by holding onto the sides of the foot ... Separate the metatarsals. Create space between the metatarsals by holding onto the sides of the foot ...
Segregation of two genetic markers, lying on separate chromosomes (top) or on the same chromosome Segregation of two genetic markers, lying on separate chromosomes (top) or on the same chromosome
Separate thigh from leg to create six pieces Separate thigh from leg to create six pieces
(a) In nondisjunction in meiosis I, one pair of chromosomes fails to separate properly at anaphase I (a) In nondisjunction in meiosis I, one pair of chromosomes fails to separate properly at anaphase I
Video: Decubitus Ulcer

For a complete list of videos, visit our video library