All of the following statements about corporations are true except
A)they are chartered by the state.
B)ownership is represented by shares of stock.
C)the sale of stock does not dissolve the business.
D)the stockholders have direct control of the business.

Question

Quizplus · Accepted Answer

The statement "the stockholders have direct control of the business" is not true. Instead, stockholders elect a board of directors who then make decisions on behalf of the corporation.

All of the Following Statements About Corporations Are True Except