The group elected by the stockholders to set policy for a corporation and to appoint its officers is the:
A) incorporators.
B) directors.
C) board of directors.
D) audit committee.
Correct Answer:
Verified
Q31: Limited liability of a corporation means that:
A)shareholders
Q32: Stockholders' equity is divided into:
A)retained earnings and
Q33: Double taxation means that the:
A)corporation pays tax
Q34: A corporation is formed when the incorporators
Q35: The constitution for governing a corporation is
Q37: The right to maintain one's proportionate ownership
Q38: The _ own the corporation, but the
Q39: Which of the following is NOT a
Q40: A corporation:
A)cannot own property.
B)is managed by the
Q41: If a corporation issues only one class
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