Because ______ Corporations Have a More Restricted Range of Powers

question 17

Multiple Choice

Because ______ corporations have a more restricted range of powers than business corporations, actions not authorized by their corporate charters are more likely to be found ______.

• A) nonprofit, ultra vires.
• B) subchapter S, illegal.
• C) a benefit, ultra vires
• D) professional, illegal.

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Definitions:

Sheltered Workshop

A workplace that provides employment and training for people with disabilities under a protected and supervised environment.

Recycling Center

A facility where materials are collected, sorted, processed, and turned into new products in order to reduce waste and conserve resources.

Employment Center

A facility or service that provides resources, tools, and support for job seekers and employers.

Homeless People

Individuals who lack stable, safe, and adequate housing, which includes those who sleep on the streets, in shelters, or in temporary accommodations.