Shareholders Are Directly Responsible for the Daily Management of a Corporation

question 80

True/False

Shareholders are directly responsible for the daily management of a corporation.

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Definitions:

Interstate

Relating to or involving more than one state, usually in reference to commerce or transportation that crosses state lines.

Closely Held Corporations

Corporations that have a limited number of shareholders and whose shares are not publicly traded.

Foreign Corporations

Entities incorporated under the laws of a foreign country that do business in another country.

Alien Corporations

Companies that are registered and operating in a country different from where they were originally incorporated.