By creating a corporation and issuing stock, the entrepreneur is giving up a measure of control to the ____.
A)creditors
B)government
C)partnership
D)board of directors
E)SEC

Question

By creating a corporation and issuing stock, the entrepreneur is giving up a measure of control to the ____. ​
A)creditors
B)government
C)partnership
D)board of directors
E)SEC

Quizplus · Accepted Answer

By creating a corporation and issuing stock, the entrepreneur effectively shares ownership with the shareholders, who elect a board of directors to oversee the management and major decisions of the corporation. This board has a level of control over the company's operations, representing the interests of the shareholders.

By Creating a Corporation and Issuing Stock, the Entrepreneur Is