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

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Definitions:

Geometric Mean

A mean or average which indicates the central tendency or typical value of a set of numbers by using the product of their values (as opposed to the arithmetic mean which uses their sum).

Median

A statistical measure that represents the middle value of a dataset when it's ordered from smallest to largest.

Mode

The value that appears most frequently in a data set.

Deviations

Differences between observed values and the average or expected values in a data set.