​ Which of the Following Is an Incidental Power of a Corporation

question 4

Multiple Choice

​ Which of the following is an incidental power of a corporation?

• A)Power to do all acts reasonably necessary for carrying out its purpose
• B)Power to indorse and accept negotiable instruments
• C)Power to borrow money and contract debts
• D)Power to have a continuous existence

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Definitions:

Equilibrium Price

The price at which the quantity of a product offered is equal to the quantity of the product in demand.

Tax Placed

The imposition of a financial charge or levy on an individual or a corporation by a government.

Deadweight Loss

A decline in economic efficiency resulting from the failure to achieve free market equilibrium for a good or service.

Total Revenue

The total amount of money a company generates from its business activities, often calculated by multiplying the price of goods or services by the quantity sold.