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 95 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
YES! Correct, THANKS for helping me on my review

6ana001

  • Member
  • Posts: 311
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

This slave burial service, painted by John Antrobus in 1860, reflects an inversion of power relation This slave burial service, painted by John Antrobus in 1860, reflects an inversion of power relation
Used antifreeze coolant should be kept separate and stored in a leakproof container until it can be ... Used antifreeze coolant should be kept separate and stored in a leakproof container until it can be ...
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 ...
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
Video: Dissociative Disorders (Part 1)

For a complete list of videos, visit our video library