Which of the Following Is a Characteristic of a Corporation

question 133

Multiple Choice

Which of the following is a characteristic of a corporation?

• A)A corporation is owned by stockholders.
• B)Lenders of a corporation do not have the right to claim the corporation's assets to satisfy their obligations.
• C)All shares of a corporation must be held by a single individual.
• D)Each stockholder has the authority to commit the corporation to a binding contract through his/her actions.

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Definitions:

Effectiveness

The degree to which objectives are achieved and the extent to which targeted problems are solved.

Life-Or-Death

Situations or decisions that are critically important, with outcomes potentially involving survival or demise.

HR Scorecard

A performance measurement tool used to identify and measure the contribution of human resources activities to the organization's strategy and goals.

Deliverables

The specific outcomes, products, or services that must be delivered upon completion of a project or task.