Which of the Following Statements Is True of the Corporate

question 182

Multiple Choice

Which of the following statements is true of the corporate form of business?

• A) The board of directors sets policy for the corporation and appoints the officers.
• B) Changes in the ownership of stock have a negative effect on the continuity of the corporation.
• C) Any stockholder may commit the corporation to a contract.
• D) It is easy for stockholders to lodge an effective protest against management.

---

Definitions:

Mispell

To write a word with incorrect letters or incorrect arrangement of letters.

Conceive

To conceive means to form or develop an idea, plan, or understanding in the mind.

Controling

The act of directing or regulating the behavior or operations of something or someone.

Unwrapped

Exposed or revealed by removing a covering.