Corporations Have Many Express Powers

question 18

Multiple Choice

Corporations have many express powers. Which of the following would not be an express power of a corporation?

• A) Perpetual existence.
• B) Power to sue and be sued in the corporations' name.
• C) Power to buy and sell property.
• D) Power to eliminate double taxation.
• E) Powers to make contracts and borrow money.

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Definitions:

Company's Costs

Company's costs refer to the various expenses a company incurs in its operations, including production, marketing, and administrative expenses.

Level of Sales

This term refers to the total volume or value of sales achieved by a company, product, or service over a specific period, indicating its market performance.

Variable Costs

Expenses that change in proportion to the activity or volume of production in a business, such as materials and labor.

Breakeven Analysis

Breakeven Analysis is a financial calculation to determine the point at which revenues equal costs, indicating no profit or loss.