Which of the Following Statements Is True of the Corporate

question 65

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 has 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.

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Definitions:

Distribution Centre

A specialized facility that is responsible for receiving, storing, and distributing products to retailers or customers.

Labour Cost

The expense associated with the work performed by employees, encompassing salaries, wages, and additional benefits.

Productivity

The ratio of outputs (goods and services) divided by one or more inputs (such as labour, capital, or management).

Labour Cost Per Unit

The total expense of labor required to produce a single unit of output, encompassing wages, benefits, and any other compensation.