Which of the following statements is true of a corporation?
A) Shareholders can be required to pay debts of the corporation.
B) Shares of stock cannot be readily purchased and sold by investors on an organized stock exchange.
C) Shareholders are authorized to sign contracts or make business commitments on behalf of the corporation.
D) Corporations pay income tax on corporate earnings, and shareholders pay income tax on corporate dividends.
D
You might also like to view...
Which of the following statements is true about patent and trademark protection in the global marketing environment?
A) Patents and trademarks protected in one country are not necessarily protected in another. B) Foreign organizations can register patents and trademarks only in their parent country. C) Patent and trademark laws are the same across all nations. D) Trademarks and patents cannot be counterfeited.
A recommended approach to networking for a job is to
A) use a persistent, aggressive approach to asking for job leads. B) get a signed contract about network members' willingness to help you. C) use a tactful, low-key approach. D) set up a Web page asking people to help you.