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WorksheetsPublic corporations
Total questions: 25
Worksheet time: 18mins
A another name for "stocks, bonds, and mutual funds (investments)" is...
securities
certificates
corporations
What does "invest" mean?
to make a new company
to take out a loan from a government or business
to put money into something to try to earn more money
What is a "shareholder"?
an investment in a company
an owner of shares in a company
a worker at a company
Public enterprises are owned by public
True
False
refers to the power of the government to take private property and convert it into public use
Governmental Right
Land Power
Eminent Domain
Which of the following types of corporations is NOT subject to double taxation?
(You may select multiple answers)
Limited Liability Company
C Corporations
S Corporations
Nonprofit Corporation
In a Limited Liability Company, profits are paid:
As dividends based on agreement
Based on members' agreement
Paid as per the percentage of ownership
In Nonprofit Corporations:
Profit is distributed among partners equally
Profits are distributed as stocks or dividends to shareholders
Profits remain within the company
In a Corporation:
Entity is controlled by the owner as a whole
Entity is controlled by partners who have equal voting rights
Entity is controlled by a Board of Directors that's appointed by shareholders
In a Limited Liability Company, profits are paid:
As dividends based on agreement
Based on members' agreement
Paid as per the percentage of ownership
In a Corporation:
Entity is controlled by the owner as a whole
Entity is controlled by partners who have equal voting rights
Entity is controlled by a Board of Directors that's appointed by shareholders
Charities, Public Benefits, and Mutual Benefit corporations are types of:
Limited Liability Corporations
Corporations
Nonprofit Corporations
Advantages of a corporation include:
Double Taxation
Limited Liability
It is not a tax paying entity
Corporations can (select all that applies):
Have their own bank accounts
Avoid government taxation
Can sue and be sued
Take on debts
