In C corporations, the board of directors take an active role in the daytoday management of the company.
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Q17: In terms of total net income, sole
Q18: In terms of total number of businesses
Q19: One advantage of a general partnership is
Q20: Sole proprietorships generally have a distinct advantage
Q21: Owners of corporations are known as stockholders.
Q23: Corporations can operate under a corporate charter
Q24: Limited partnerships and limited liability partnerships are
Q25: A general partnership is a voluntary partnership
Q26: A limited partnership is an agreement between
Q27: A limited partnership allows one partner to
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