S 13-1 (Algo) Characteristics of corporations LO C1 Identify which of the following statements are true for the corporate form of organization. (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.) The sale of shares from one stockholder to another does not impact operations. An exception is when it changes the makeup of directors. 2 It has many of the same rights as an individual The president and vice presidents choose the board of directors Shareholders are not personally liable for corporate acts. Stockholders are expected to hire and fire key executives Corporations are often subject to fewer regulations than partnerships It does not end with the death of an owner