When They First Appeared in the U

question 7

Multiple Choice

When they first appeared in the U.S., corporations did not have all the advantages that they have today. For example, early corporations

• A) had to be re-chartered upon the death of a shareholder.
• B) were taxed at a higher rate than sole proprietorships and partnerships.
• C) did not have the legal protection of limited liability.
• D) were not allowed to have more than 12 shareholders.
• E) All of the above.

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Definitions:

Computer Programmer

A professional who writes, tests, and maintains the code that allows computer applications and software programs to function.

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A game in economic experiments where two players decide on how to divide a sum of money; the proposer suggests a split, and the responder can accept or reject it.

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The person responsible for making decisions, especially in contexts where multiple individuals or groups may be affected.