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  3. The Legal Environment of Business
  4. Quiz 21: Corporation: General Characteristics and Formation

The Ultimate Goal of the Incorporation Process Is Issuance of a _____,A

Question 24
Multiple Choice

The ultimate goal of the incorporation process is issuance of a _____,a basic document of incorporation filed in the appropriate public office. A)memorandom of association B)doctrine of ultra vires C)corporate charter D)corporate veil E)deed of trust

Related questions
Q 25
Which of the following is true of a publicly held corporation? A)It is a governmental organization. B)It is a corporation not organized for profit. C)It is often called a municipal corporation. D)The stock in a publicly held corporation is widely held. E)The shareholders in a publicly held corporation are fewer in number.
Q 26
Which of the following is true of a closely held corporation? A)It is a governmental organization. B)It is a corporation not organized for profit. C)It is often called a municipal corporation. D)The stock in a closely held corporation is widely held. E)The shareholders in a closely held corporation are fewer in number.
Q 27
_____ are individuals who take the steps necessary to form the corporation,and they often will receive stock in exchange for their efforts. A)Scienters B)Promoters C)Stockholders D)Bondholders E)Zero coupon bondholders
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