56. In creating a corporation, once the articles of incorporation are filed with the appropriate state office, the state may then issue a A. corporate chapter.B. corporate contract.C. corporate charter.D. corporate collaboration.E. corporate commentary. 57. A private corporation is one that 58. The type of corporation represented by organizations such as the National Aeronautics andSpace Administration (NASA) and the U.S. Postal Service is called 59. Which stockholders usually have the right to vote and control the board of directors? 4-12
Chapter 04 - Options for Organizing Business 60. The right of common stockholders to have the opportunity to purchase new shares of stock is called a A. first offer right.B. preemptive right.C. stock split right.D. profit sharing right.E. secondary right. 61. Common stockholders do not have the right to 62. An important advantage of a corporation is its 63. The type of ownership that has the ability to raise capital most easily is a 64. Which of the following organizational forms is most expensive to set up? A. Sole proprietorshipB. Limited partnershipC. General partnershipD. CooperativeE. Corporation 4-13
Chapter 04 - Options for Organizing Business 65. Which of the following forms of business organization restricts the number and type of shareholder? 66. The organizational form that many consider to be a blend of the best characteristics of corporations, partnerships, and sole proprietorships is the
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- Fall '15
- Business Law, Corporation, Sole Proprietorships, Types of companies, Organizing Business