A private corporation raises money by making shares available to thousands of people through selling stocks on the stock exchange.
Group of answer choices
True
False
Because there are so many owners, a corporation is run by
Group of answer choices
a vote by all shareholders
a board of directors
an executive
a chief executive officer
If a corporation earns a profit of $200 000, and $50 000 is to be distributed to 500 shareholders, the owner of one share will receive a dividend of
Group of answer choices
10
400
100
40
If a sole proprietorship business does poorly, the owner is responsible for all the losses and could even lose his or her home and other personal belongings. This is called
Group of answer choices
business liability
limited liability
unlimited liability
personal liability
True - A private corporation does raise money by making shares available to thousands of people through selling stocks on the stock exchange.
A board of directors - Because there are so many owners, a corporation is run by a board of directors.
$10 - If a corporation earns a profit of $200 000, and $50 000 is to be distributed to 500 shareholders, the owner of one share will receive a dividend of $10.
Unlimited liability - If a sole proprietorship business does poorly, the owner is responsible for all the losses and could even lose his or her home and other personal belongings. This is called unlimited liability.