The Greatest Control Over the Acts of a Corporation May

question 28

Multiple Choice

The greatest control over the acts of a corporation may be exercised by

• A)the majority owner of preferred shares.
• B)the board of directors.
• C)the majority owner of common shares.
• D)the bond holders.
• E)All of these.

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Definitions:

Real Property

Real property refers to land and anything permanently attached to it, such as buildings and fixtures.

Personal Property

Movable assets owned by an individual, as opposed to real property like land or buildings.

Intangible

Something that cannot be touched or physically measured, often referring to assets such as intellectual property or goodwill.

Real Property

Land and anything permanently attached to it, such as buildings and fixtures, legally considered immovable.