Under the Corporate Form of Business Organization

question 33

Multiple Choice

Under the corporate form of business organization

• A) a shareholder is personally liable for the debts of the corporation.
• B) shareholders' acts can bind the corporation even though the shareholders have not been appointed as agents of the corporation.
• C) the corporation's life is stipulated in its charter.
• D) shareholders wishing to sell their corporation shares must get the approval of other shareholders.

---

Definitions:

Sorority Sisters

Female members of a sorority, a social organization at colleges or universities, who often refer to each other as sisters due to the close bonds formed.

Social Loafing

The phenomenon where individuals exert less effort to achieve a goal when they work in a group than when they work alone.

Social Facilitation

The tendency for individuals to perform differently when in the presence of others, typically improving on simple or well-rehearsed tasks and performing poorly on complex tasks.

Dominant Responses

The most common or likely actions, behaviors, or emotional reactions an individual displays in response to a particular situation or stimulus.