Which of the Following Is False Regarding Promoters

question 55

Multiple Choice

Which of the following is false regarding promoters?

• A) Promoters prepare the corporation's incorporation papers.
• B) Promoters raise capital for the infant corporation.
• C) Promoters can purchase buildings for the corporation.
• D) Promoters are agents for the company being formed.
• E) A promoter may insert a clause into a contract with a supplier stating that the corporation's adoption of the contract terminates the liability of the promoter.

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Definitions:

Frequency Distribution

A statistical representation showing the number of times each value appears in a dataset, often visualized as a table or graph.

National Counseling Exam

A certification examination for counselors in the United States, assessing knowledge and skills required for effective counseling practice.

Range

The difference between the lowest and highest values in a set of data, indicating dispersion or variability.

Median

The middle value of a data set when it is arranged in ascending or descending order, or the point that divides the distribution into two equal halves.