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Basic Consideration - Corporations

Authored by Mary Bigtas

Business

Used 114+ times

Basic Consideration - Corporations
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15 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Stockholders or Shareholders are corporators in a stock corporations while members are corporators of a non-stock corporation. True or False?

True

False

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Articles of Incorporation are the rules of actions adopted for the officers, shareholders or members of the corporation? True or False?

True

False

Answer explanation

By-Laws

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Corporators are those who compose a corporation whether as shareholders or members? True or False?

True

False

Answer explanation

By-Laws

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

By Laws are a set of formal documents filed with a government body to legally document the creation of a corporation? True or False?

True

False

Answer explanation

Articles of Incorporations

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

One advantages of forming a corporation is that, It is subject to lower taxation than other forms of business organizations. True or False?

True

False

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Subsidiary controlled the parent corporation and has the power to either directly or indirectly elect the majority of the directors of all subsidiary corporation. True or False?

True

False

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Corporators are shareholders originally forming and composing the corporation as originally forming and composing the corporation and are signatories to said articles of incorporation. True or False?

True

False

Answer explanation

Incorporators

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