Shareholders in a Professional Corporation

question 55

Multiple Choice

Shareholders in a professional corporation:

• A)Share in the profits and losses of the firm in proportion to how many shares they own
• B)All receive the same amount of the profits of the firm, regardless of how many shares they own
• C)Must pay monthly dues to professional associations
• D)Have no personal liability

---

Definitions:

Econometrics

The application of statistical and mathematical models to analyze economic data and test hypotheses.

Empirical Economics

The branch of economics that analyzes data to develop verifiable theories or evaluate economic policies.

Economic History

The study of economies or economic phenomena in the past.

Aggregate Price Level

A measure of the overall level of prices of goods and services in an economy over a specified period, often used as an indicator of inflation.