Business Law Today Comprehensive Study Set 1
Quiz 34: Corporate Formation and Financing
Venture Capital Is Capital Provided to New Business Ventures by Professional,outside
Venture capital is capital provided to new business ventures by professional,outside investors.
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Skyla and Terry want to form and do business as Unique Boutique Corporation.The state statute governing the formation and operation of their corporation is most likely guided by A)city or county corporate codes. B)the Entrepreneur's Corporate Handbook. C)the federal Administrative Procedure Act. D)the Revised Model Business Corporation Act.
Pola and Quincey want to form and do business as River Tours Corporation.A corporation can consist of A)no natural persons. B)one natural person but not more. C)one or more natural persons. D)only more than one natural person.
Inez and Jason are the shareholders and directors of Kleen Kustodial Corporation.Lily and Moe are Kleen's officers.As in other corporations,the responsibility for the overall management of Kleen rests with A)the board of directors. B)the officers. C)the owners. D)the shareholders.
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