All of the Following Statements About Corporations Are True Except

question 150

Multiple Choice

All of the following statements about corporations are true except

• A)they are chartered by the state.
• B)ownership is represented by shares of stock.
• C)the sale of stock does not dissolve the business.
• D)the stockholders have direct control of the business.

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Definitions:

Moral Idealism

A philosophy that emphasizes the importance of adhering to moral principles in decision making, regardless of the consequences.

Personal Moral Philosophy

An individual's set of beliefs, principles, and values regarding what is right and wrong, guiding personal behavior and decisions.

Universal Rights

Fundamental rights believed to be entitled to all individuals regardless of nationality, location, language, or any other factor.

Social Responsibility

The obligation of individuals and organizations to act in ways that benefit society at large, beyond their own interests or profit.