1. 10. The true owner(s) of the corporation is (are)

   a. board of directors

   b. chief executive officer

   c. stockholders

   d. stakeholders

2 points

Question 11

1. 11. The most popular incentive plan aimed at minimizing the problem of management making decisions based upon their personal goals and not the goals of the corporation is

   a. annual performance reviews

   b. stock options

   c. base salary plus a high value retirement plan often referred to as "golden parachutes"

   d. implementation of the Sarbanes-Oxley Act of 2002

2 points

Question 12

1. 12. Which of the following forms of organization is characterized by limited liability?

   a. sole proprietorship

   b. partnership

   c. corporation

   d. professional partnership