Which of the following statements is true regarding a corporation?
A) The board of directors is the center of management authority for the corporation.
B) The ownership of the corporation and the management of the corporation are in the same hands.
C) Corporations can exist without a statute permitting them.
D) The amount of funds that can be gathered by a corporation is limited to the amount of money it can gather from friends and family.
Correct Answer:
Verified
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