Which of the following is true about a corporation?
A) Corporations must have a minimum of two or more shareholders.
B) Each individual shareholder has individual legal responsibility for the corporation's actions.
C) Corporations are exempt from taxes; however,the shareholders are required to pay taxes on dividends received.
D) Managers of corporations can be held responsible for the actions of the corporation.
Correct Answer:
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Q2: Advantages of the corporate form of business
Q3: Disadvantages of the corporate form of business
Q4: The two types of merchandising businesses include
Q5: The inputs of a firm include _.
A)revenues
B)liabilities
C)inventory
Q6: The four types of business are _.
A)service,wholesale,retail,and
Q8: Corporations are _.
A)for-profit businesses only
B)manufacturers and not
Q9: The outputs of a firm are its
Q10: A partnership _.
A)is a business owned by
Q11: Stock sold for the first time is
Q12: Which of the following is legally a
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