Shareholders in a Professional Corporation

question 89

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:

Ethical Decisions

Choices made based on ethical principles that seek to do good and avoid harm in any given situation.

Factors Influencing

Variables or conditions that can affect the outcome of a process, decision, or behavior, often studied to predict or understand results.

Managerial Behaviour

The patterns of actions and attitudes exhibited by managers, impacting organizational performance and employee morale.

Kohlberg's Preconventional

The first level in Kohlberg's theory of moral development, where an individual's moral reasoning is based primarily on the consequences of a behavior and its direct effects on oneself.