Multiple Choice
Which of the following is an incorrect statement regarding the corporate form of business organization?
A) The dominant form of business organization in the United States is the corporation.
B) A corporation is a legal entity created by federal law.
C) A corporation raises capital by issuing stock to investors.
D) Although the corporation may have many owners, it is legally treated as a single person.
Correct Answer:
Verified
Correct Answer:
Verified
Q17: Which of the following is true of
Q18: List and describe the various types of
Q19: If a corporation issues shares for less
Q20: A corporation is legally treated as a
Q21: Notes are long-term loans secured by a
Q23: List and describe the various ways to
Q24: In order to be issued, the number
Q25: Wheels Enterprises, a car manufacturer, is a
Q26: An unsecured long-term corporate loan is called
Q27: A limited liability company is federally taxed