One of the Basic Principles of Corporation Law Is That

question 18

Multiple Choice

One of the basic principles of corporation law is that:

• A)shareholders are not free to dispose of their shares by gift.
• B)shareholders are given the authority to manage the business.
• C)majority rule applies to both shareholder and director action.
• D)majority rule applies only to director action.

---

Definitions:

Scale Of Operation

The scope or size of a business or production process, which can affect efficiency and cost.

World Price

The international market price of a good, influenced by global supply and demand.

Free International Trade

The exchange of goods and services across international borders without restrictions such as tariffs, quotas, or subsidies.

Importer

An individual or company that buys goods or services from abroad for domestic use or sale.