Which of the Following Is False Regarding Management of a Corporation

question 2

Multiple Choice

Which of the following is false regarding management of a corporation?

• A) Shareholders generally participate in corporate management.
• B) Shareholders elect a board of directors.
• C) The board of directors selects officers to manage the day-to-day business of the corporation.
• D) If shareholders die, corporations do not dissolve.
• E) In most states, corporations can exist indefinitely.

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Definitions:

Asset Improvements

Expenditures made to enhance the efficiency, capacity, or lifespan of an asset, leading to an increase in its value.

Ordinary Maintenance

The routine upkeep and repairs required to maintain assets in their normal operational state.

Intangible Assets

Assets that lack physical substance but possess economic value, such as patents, copyrights, and trademarks.

Copyright

The exclusive right to publish and sell a literary, artistic, or musical composition.