QS $11-1($Algo$)$ Characteristics of corporations LO C$1$

Which of the following statements are true regarding corporations?

Note: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.

check all that apply

Stockholders are expected to hire and fire key executives.unanswered

Owners are personally liable for corporate debts.unanswered

The president and vice presidents choose the board of directors.unanswered

Stockholders do not have the power to bind the corporation to contracts.unanswered

It does not end with the death of an owner.unanswered

It has many of the same rights as an individual.unanswered

The sale of shares from one stockholder to another does not impact operations. An exception is when it changes the makeup of directors.unansweredQS $11-1($Algo$)$ Characteristics of corporations LO C$1$

Which of the following statements are true regarding corporations?

Note: You may select more than one answer. Single click the box with the question mark to produce a check

mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer.

Any boxes left with a question mark will be automatically graded as incorrect.

$?$ Stockholders are expected to hire and fire key executives.

Owners are personally liable for corporate debts.

$?$ The president and vice presidents choose the board of directors.

$?$ Stockholders do not have the power to bind the corporation to contracts.

$?$ It does not end with the death of an owner.

$?$ It has many of the same rights as an individual.

$?$ The sale of shares from one stockholder to another does not impact operations. An exception is when it changes the

makeup of directors.