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 45 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
Wow, this really help

milbourne11

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Apple Corporation, Macintosh computer, Cupertino, California. Apple Corporation, Macintosh computer, Cupertino, California.
Heavy fuel droplets separate as they flow around an abrupt bend in an intake manifold. Heavy fuel droplets separate as they flow around an abrupt bend in an intake manifold.
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 ...
Western blot. In the first step, (1) a polyacrylamide gel electrophoresis is performed to separate ... Western blot. In the first step, (1) a polyacrylamide gel electrophoresis is performed to separate ...
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 ...
The following information relates to the Cutting Department of Kittina Corporation for the ... The following information relates to the Cutting Department of Kittina Corporation for the ...
Video: Phases of an Action Potential - Resting Potential, Threshold, Rising, Falling, & Recovery Phases

For a complete list of videos, visit our video library