Regarding Promoters, Which of the Following Is False

question 2

Multiple Choice

Regarding promoters, which of the following is false?

• A) Promoters prepare the corporation's incorporation papers.
• B) Promoters raise capital for the infant corporation.
• C) Promoters can purchase buildings for the corporation.
• D) Promoters are agents for the company being formed.
• E) A promoter may insert a clause into a contract with a supplier stating that the corporation's adoption of the contract terminates the liability of the promoter.

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Definitions:

Preconventional Morality

Refers to the first level of Kohlberg's stages of moral development, where individuals base their moral decisions on the direct consequences of their actions to themselves.

Conventional Morality

refers to a stage in Lawrence Kohlberg's theory of moral development, where moral reasoning is based on social rules and conventions.

Formal Operations

The final stage in Piaget's theory of cognitive development, characterized by the ability to think abstractly and logically.

High School Education

An academic program typically covering grades 9 through 12, aimed at providing students with foundational knowledge, skills, and qualifications for higher education or the workforce.