Corporations are important because of advantages created by the unique characteristics of the corporate structure of ownership. Which of the following makes buying shares in a corporation attractive to investors?Multiple ChoiceShareholders are agents of the corporation and ownership rights are transferable.Shareholders are not agents of the corporation nor are they liable for the corporation's debts.All of these choices are correct.Shareholders are not agents of the corporation and corporations are subject to stringent government regulationIncorrectShareholders are agents of the corporation and not liable for the corporation's debts.

Which of the statements is incorrect?Group of answer choicesStockholders are liable only to the extent of their investment as represented by the shares subscribed by them.A corporation is created by law or by operation of law.A stockholder has the right to transfer his shares without prior consent of the other stockholders.A stockholder is liable personally for corporate debts to third persons.

A characteristic of the corporate form of ownership is limited liability which means thatMultiple Choiceowners are only liable for the amount they invest in the business.owners are liable in proportion to the total number of owners in the business.owners are only liable for debts that the corporation cannot cover.liability is limited to the decision makers of the corporation.liability for the corporation's debts decreases over time.

Multiple Choice QuestionWhat is considered an advantage of corporations?Multiple choice question.Double taxationMany employees are not stockholders of the company for which they workCorporations must make information available to their ownersEase of transfer of ownership

Which amongst the following is NOT a feature of a corporation? Select one: a. A company is separate from its owners (shareholders) and its managers (its CEO and directors, etc). b. The property of the company belongs to the owners of the company. c. A company can sue and be sued in its own name. d. A company’s obligations (debts) are its own, and are not debts owed by its agents or its owners (its shareholders).

All shareholders of a corporation have the right to share in the profits of the corporation.Group of answer choicesTrueFalse