Under the Corporate Form of Business Organization

question 21

Multiple Choice

Under the corporate form of business organization,

• A) ownership rights are easily transferred
• B) a stockholder is personally liable for the debts of the corporation
• C) stockholders' acts can bind the corporation even though the stockholders have not been appointed as agents of the corporation
• D) stockholders wishing to sell their corporate shares must get the approval of other stockholders

---

Definitions:

Social Distance Zone

A concept in proxemics referring to the physical distance individuals prefer to maintain in social interactions to feel comfortable.

Personal Distance Zone

A spatial zone commonly reserved for interactions among good friends or family members, reflecting cultural or personal preferences for physical proximity.

Open Communication

A communication style that promotes transparency and free exchange of information and ideas in an organization or between individuals.

Intimate Space Zone

A concept in proxemics referring to the physical space immediately surrounding an individual, into which entry by others feels uncomfortable or intrusive without a close relationship.