A Corporation

question 15

Multiple Choice

A corporation:

• A)is ultimately controlled by its board of directors.
• B)is a legal entity separate from its owners.
• C)is prohibited from entering into contractual agreements.
• D)has its identity defined by its bylaws.
• E)has its existence regulated by the rules set forth in its charter.

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Definitions:

Maturity

The stage in a product’s lifecycle or a company’s growth where growth slows down, and it reaches a steady state of maximum output or sales.

Secured

Protected against threat or harm, or in financial terms, backed by collateral.

Venture Capitalist

An investor who provides capital to start-up companies or supports small companies that wish to expand but do not have access to equities markets.

Finance Manager

A professional responsible for managing the financial health of an organization, including planning, organizing, controlling, and monitoring financial resources.