Who said that the social responsibility of business is to earn a profit?

A deed is valid when it is

a. delivered and accepted. b. Recorded. c. Signed. d. Notarized

Which of the following statements is true with respect to the differences and similarities between a corporation and a limited partnership?

A. Directors owe fiduciary duties to the corporation, and limited partners owe such duties to the partnership. B. A corporation and a limited partnership may be created only under a state statute, and each must file a copy of its organizational document with the proper governmental body. C. Shareholders may be entitled to vote on corporate matters, but limited partners are prohibited from voting on any partnership matters. D. Stock of a corporation may be subject to registration under federal securities laws, but limited partnership interests are automatically exempt from such requirements.