Which of the Following Statements Is True of the Corporate

question 141

Multiple Choice

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

• A)A corporation is organized understate law as a separate legal entity.
• 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:

Diploid

An organism or cell having two sets of chromosomes or twice the haploid number, characteristic of most adult forms.

Haploid

A cell or organism having a single set of chromosomes, typically half the normal diploid number, characteristic of gametes.

Cell

The basic structural, functional, and biological unit of all known living organisms, a small compartment enclosed by a membrane that contains the organism's genetic material and the biochemical structures needed to sustain life.

Metaphase I Alignment

A stage of meiosis where homologous chromosomes align at the cell equator before being separated into two different cells.