Multiple Choice
A corporation formed for the purpose of maintaining a charitable operation is called a:
A) nonprofit corporation.
B) Subchapter S corporation.
C) public corporation.
D) closely held corporation.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q4: A new start-up corporation has gone to
Q5: Saul was elected to the board of
Q7: Artisan Tools Inc., manufactures and sells quality
Q10: Delaware is a popular state for many
Q11: Shareholders are the owners of the corporation
Q13: In a minority of the states,the articles
Q13: In Smith v. Van Gorkom, the court
Q28: The Revised Model Business Corporation Act provides
Q42: Creation and internal governance of corporations is
Q50: Debentures are unsecured promises to pay back