6-

Managerial control in a corporation is with

Board of Directors

All of these

Shareholders

Mangers and officers

7-

Liability is the biggest concern in which of the following types of companies?

Partnerships & Sole Proprietorships

Corportations

Sole Proprietorships

Partnerships

8-

A derivative suit is most likely to be brought on by

majority shareholders in a publicly held corporation

majority shareholders in a closely held corporation

minority shareholders in a closely held corporation

minority shareholders in a publicly held corporation

9-

Any changes to the partners in a partnership will result in _____ of the company.

Bankruptcy

Termination

None of these

Dissolution

10 -

Fiduciary duties are the duties of ________ to take actions protecting the interests of _______.

Managers, Shareholders

Managers, Board of directors

Minority Shareholders, Majority Shareholders

Majority Shareholders, Minority Shareholders