Business and Corporations Flashcard

Front

Dividends are declared by who for a corporation?

Back

Board of directors

Front

The easiest form of business to start is a

Back

Sole proprietorship

Front

Public corporations get financing from shareholders.

Back

True

Front

A partnership agreement should include all of the following except: Signatures, Name of business, Capital contribution, Family information

Back

Family information

Front

The two types of shares are common and preferred.

Back

True

Front

A publicly traded corporation has a board of directors.

Back

True

Front

A corporation is known as a legal or artificial person under the law.

Back

True

Front

In a partnership, the capital contributions have to be equal.

Back

False

Front

To become a corporation, what specific certificate needs to be completed? Options: Articles of incorporation, Charter, DBA, All of the above

Back

Articles of incorporation

Front

Do shareholders generally have the right to inspect company financial records to ensure transparency?

Back

True