PREFERRED correct answers A _________ share is one that has preference in the distribution of dividends but usually does not have the right to
... [Show More] vote.
PARTNERSHIP correct answers When two or more people want to pool their resources and carry on business together without incorporating, they are most likely to set up a ____________.
OWNERSHIP correct answers A share of a corporation represents a _________ interest in the corporation but does not give any right to the holder to use the assets or manage the corporation.
CAPITAL correct answers The money on which a corporation operates is called _______.
SHAREHOLDERS correct answers An agreement that defines the relationship among people that have an ownership interest in a corporation is a ____________ agreement.
PERPETUAL correct answers Because a corporation is a legal entity, the death or bankruptcy of one or more of its shareholders does not affect the existence of the corporation. Because of this, the corporation has a _________ existence.
VICARIOUS correct answers A corporation has _________ liability when a tort has been committed by an agent or employee who is not a director, manager or other high-ranking person.
REDEMPTION correct answers The right to have the corporation buy back shares at a set price is known as a __________ right.
COMMON correct answers A ______ share generally has a right to vote, a right to share in dividends and a right to share in proceeds on dissolution.
SOLE PROPRIETORSHIP correct answers The simplest form of business organization is the ____ ______________.
SHAREHOLDER correct answers A ___________ is someone who invests in a company by buying shares.
DEBENTURE correct answers A _________ is a debt instrument ("IOU") issued by a corporation to evidence an unsecured debt owed by the corporation.
DIRECTORS correct answers If a corporation has only one class of shares, those shares must include the right to vote for the election of _________.
PROXY correct answers A shareholder may vote without physically attending the meting if he or she uses a _____, which is formal permission for someone else to vote her shares on her behalf. [Show Less]