Examlex
Which of the following statements is INCORRECT?
Shareholders
Individuals or entities that own shares in a corporation, giving them certain rights such as voting on corporate matters.
No Par Value
Shares issued without a nominal or stated value per share, with the market price determined by demand.
Secretary of Commerce
The head of the U.S. Department of Commerce, responsible for promoting American businesses and trade.
Incorporation
The process of legally declaring a corporate entity as separate from its owners, providing limited liability, tax advantages, and other benefits.
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