Under the Corporate Form of Business Organization

question 10

Multiple Choice

Under the corporate form of business organization

• A)a shareholder is personally liable for the debts of the corporation.
• B)a shareholder's acts can bind the corporation even though he/she has not been appointed as an agent of the corporation.
• C)the corporation's life is continuous.
• D)shareholders wishing to sell their shares must get the approval of other shareholders.

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Definitions:

Convergent Validity

A measure of the extent to which two independent measures of the same concept are correlated.

Ordinal Scale

A scale of measurement in which the measurement categories form a rank order along a continuum.

Unobtrusive Measure

Research methods that do not involve direct interaction with the participants, minimizing the influence of the measurement process on the results.

Convergent Validity

The extent to which two measurements of constructs, which are expected to have a theoretical correlation, actually do exhibit a relationship.