Ultimate control in a corporation is vested in the board of directors.
Correct Answer:
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Q22: In a sole proprietorship, the owner is
Q23: In a general partnership, each partner is
Q24: If a limited partner dies or leaves
Q25: General partners have unrestricted transferability of ownership,
Q26: For these types of organization, no distinction
Q28: There is no legal distinction made between
Q29: A corporation is owned by
A) shareholders and
Q30: The major sources of financing for corporations
Q31: The term stockholder is equivalent to
A) general
Q32: Which of the following is a significant
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