Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Which of the following are correct of large corporations? Managers no longer have the incentive to act in their own interests. The corporation survives even
Which of the following are correct of large corporations?
Managers no longer have the incentive to act in their own interests.
The corporation survives even if managers are dismissed.
Shareholders can sell their holdings without disrupting the business.
Corporations, unlike sole proprietorships, do not pay tax; instead, shareholders are taxed on any dividends they receive.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started