← Chapter 6 Test
6 Written Questions
6 Multiple Choice Questions
- Definition of Close Corporation
- Name 2 advantages of Corporations
5 True/False Questions
owners of the corporation → Stockholder
Written authorization to vote in behalf of a person signing the proxy. → What is capital stock?
1. They are elected by stockholders. 2. They develop plans and policies to guide the corporation. 3. Successful-deal with policy issues. 4. Unsuccessful- they will step in and take control. → What are the directors rights?
Applied to the shares of ownership of a corporation → Director
Stockholders, directors, officers. → 3 key parts in a corporation