Which One of the Following Statements Is Correct Concerning Corporations

question 47

Multiple Choice

Which one of the following statements is correct concerning corporations?

• A)The shareholders of a corporation select the top managers of that corporation.
• B)A corporation is a distinct legal entity.
• C)The stockholders are usually the managers of a corporation.
• D)The ability of a corporation to raise capital is quite limited.
• E)The income of a corporation is taxed as personal income of the stockholders.

Recognize the factors influencing the carrying cost of inventory as a percentage of total cost.

Understand how to balance various costs to decide on the optimal purchase quantity and timing.

Comprehend the role of different types of inventories in the supply chain management.

Understand the concept of economic order quantity (EOQ) and how it is calculated.

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Definitions:

Partial Stance

Holding a biased or incomplete perspective on an issue, often not considering the full range of views or facts.

Personal Opinions

Individual beliefs or judgments that are not based on certainty or proof.

Positive Group Member Roles

Group member roles that enhance effectiveness, including encourager, clarifier, harmonizer, idea generator, ignition key, standard setter, and detail specialist. See effective group.

Warren Bennis

An American scholar, organizational consultant, and author, widely regarded as a pioneer in the field of leadership studies.