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.

---

Definitions:

Population Parameter

A numerical characteristic or measure that describes an aspect of a population, such as its mean or variance.

Sampling Distribution

The distribution of probabilities for a certain statistic, obtained from a random sample.

Sample Statistic

A numerical measure that describes an aspect of a sample of a population.

Probability Samples

Samples chosen in such a way that every member of the population has a known, non-zero chance of being included.