Which of the Following Statements Is True Regarding a Corporation

question 49

Multiple Choice

Which of the following statements is true regarding a corporation?

• A) The board of directors is the center of management authority for the corporation.
• B) The ownership of the corporation and the management of the corporation are in the same hands.
• C) Corporations can exist without a statute permitting them.
• D) The amount of funds that can be gathered by a corporation is limited to the amount of money it can gather from friends and family.

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Definitions:

Liters

A metric unit of volume equal to 1,000 cubic centimeters, commonly used to measure liquids and gases.

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To change something into a different form or properties, such as energy forms or data formats.

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A corticosteroid medication used to reduce inflammation in various conditions, administered by injection.