In which of the following classes of corporation are the controlling shareholders the only managers of the business?
A) For-profit corporation
B) Close corporation
C) Not-for-profit corporation
D) Publicly held corporation
Correct Answer:
Verified
Q24: Most of the common law of corporations
Q25: Which of the following is correct about
Q25: The maximum number of shareholders that are
Q26: Which of the following legal provisions treats
Q28: Which of the following classes of corporation
Q31: The law of piercing the corporate veil
Q32: Not-for-profit corporations are regulated primarily by the:
A)states.
B)federal
Q34: Which of the following is true about
Q35: Nearly all for-profit corporations are incorporated under
Q40: The Model Business Corporation Act (MBCA)was prepared
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