A Disadvantage of Corporations Is That Their Charters Are Only

question 337

True/False

A disadvantage of corporations is that their charters are only valid for 99 years, so corporations are less permanent than other types of businesses.

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Definitions:

Autocratic Decision

An Autocratic Decision is made by a single person or leader without input from others, often in a managerial or leadership context where quick decisiveness may be required.

Joint Decision

A conclusion or resolution reached collectively by two or more parties through collaboration or consensus.

Important Decisions

Critical choices or judgments made in personal or professional contexts that significantly influence outcomes.

Authorization

The process of giving someone the right or permission to do something, often within a specific context or system.