Which of the Following Statements Is Correct

question 17

Multiple Choice

Which of the following statements is correct?

• A) A hostile takeover is a primary method of transferring ownership interest in a corporation.
• B) The corporation is a legal entity created by the state and is a direct extension of the legal status of its owners and managers,that is,the owners and managers are the corporation.
• C) Unlimited liability and limited life are two key advantages of the corporate form over other forms of business organization.
• D) In part due to limited liability and ease of ownership transfer,corporations have less trouble raising money in financial markets than other organizational forms.
• E) Although stockholders of the corporation are insulated by limited legal liability,the legal status of the corporation does not protect the firm's managers in the same way.

---

Definitions:

Transformational Leaders

Leaders who inspire followers to exceed their own interests for the greater good, by providing vision, encouragement, and intellectual stimulation.

Inspirational Leadership Theories

Theories that focus on how leaders inspire and motivate their followers to achieve higher levels of performance and personal development.

Personal Attributes

Innate or acquired traits that define an individual's character and can influence their behavior and performance.

Transformational Leadership

A leadership style that inspires and motivates followers to exceed their expectations and facilitate change.