Which of the Following Is True About the Registered Agent

question 4

Multiple Choice

Which of the following is true about the registered agent of a corporation?

• A) The registered agent is the chief promoter in the formation of the corporation.
• B) The registered agent is the entity designated to receive service of process on behalf of the corporation.
• C) The registered agent must be an individual person.
• D) The registered agent is the party authorized to enter into contracts on behalf of the corporation.
• E) The registered agent is the corporation's outside legal counsel.

---

Definitions:

Net Present Value

A calculation used to assess the profitability of an investment, considering the present value of its future cash flows minus the initial investment.

Payback Period

The duration necessary to regain the investment's cost.

Salvage Value

The forecasted residual worth of an asset upon reaching the end of its utility life.

Straight-Line Method

A method of calculating depreciation by evenly distributing the cost of an asset over its useful life.