Which of the following is false regarding a nonprofit corporation?
A) A nonprofit corporation may not earn profits.
B) Nonprofit corporations do not have shareholders.
C) Nonprofit corporations do not issue stock.
D) Churches and charitable organizations are examples of nonprofit corporations.
E) Nonprofit corporations provide services to their members.
Correct Answer:
Verified
Q39: Which of the following is true of
Q40: Five friends decide to form a corporation
Q41: Which of the following adopts corporate bylaws?
A)Officers
B)Incorporators
C)Shareholders
D)Promoters
E)Directors
Q42: An individual who applies to the state
Q43: Rules and regulations that govern the corporation's
Q45: In the corporate formation process,which of the
Q46: Which of the following is a corporation
Q47: In the state in which it is
Q48: When a corporation is incorporated,the secretary of
Q49: What do nonprofit corporations do with profits?
A)Provide
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents