Which of the Following Is a Primary Legal Characteristic of the Corporate

question 49

Multiple Choice

Which of the following is a primary legal characteristic of the corporate form of business?

• A)The management of the business is centered in a Board of Directors elected by the shareholders.
• B)A shareholder must seek permission to sell his stock.
• C)The life of the corporation will terminate when a majority of the shareholders die or cease to exist.
• D)A shareholder is personally liable for the debts of the corporation.

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Definitions:

Health Promotion Programs

Initiatives designed to increase awareness and foster behaviors conducive to health improvement and disease prevention.

Disseminating Information

The process of spreading or distributing information and knowledge to a wide audience.

Changing Lifestyle

The process of altering one's habits, routines, and environment in order to improve health, well-being, or quality of life.

Health Promotion

The process of enabling people to increase control over, and to improve, their health, through lifestyle changes and environmental improvements.