To Maintain Status as a Company, the Company Must

question 115

Multiple Choice

To maintain status as a company, the company must:

• A)reapply for a charter annually.
• B)hold annual meetings of both the shareholders and the board of directors.
• C)properly declare annual dividends.

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Definitions:

Market Share

The percentage of an industry or market's total sales that is earned by a particular company over a specified time period.

Optimal Location

The most favourable geographical position for a business or facility based on factors like cost, accessibility, and market demand.

Firms Locate

The process by which businesses decide where to establish their operations, influenced by factors such as market access, costs, regulations, and infrastructure.

Capital

Capital in a business context represents the financial assets needed for operations, such as funds in bank accounts, inventory, buildings, and machinery.