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 86 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 :)

Zebsrer

  • Member
  • Posts: 284
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Apple Corporation, Macintosh computer, Cupertino, California. Apple Corporation, Macintosh computer, Cupertino, California.
A DOHC engine uses a camshaft for the intake valve and a separate camshaft for the exhaust valves in ... A DOHC engine uses a camshaft for the intake valve and a separate camshaft for the exhaust valves in ...
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.
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: Resting membrane potential - electrical polarity and maintenance requirements

For a complete list of videos, visit our video library