CLA Quiz Questions and Answers
The most common form of business organization is: - Correct Answersole proprietorship.
General partnerships are goverened by the: - Correct AnswerUnivorm Partnership Act.
A de facto corporation is: - Correct Answernot a corporation at all because of failur...
The most common form of business organization is: - Correct Answersole
proprietorship.
General partnerships are goverened by the: - Correct AnswerUnivorm Partnership
Act.
A de facto corporation is: - Correct Answernot a corporation at all because of
failure to comply with oganizational requirements.
The owners of equity securities are called: - Correct Answershareholders or
stockholders.
The articles of incorporation may provide that shares of a given class can be
converted into shares of another class on some predetermined ratio. These are
known as: - Correct Answerconvertible shares.
Preemptive rights are exercised when a shareholder has the right: - Correct
Answerto purchase a proportionate share of a new issue of common stock before
it is offered for sale to others.
Before or while the corporation is being organized, a method for acquiring
inestment capital is through - Correct Answerstock subscriptions
A limited partner - Correct Answerhas no liability for debts or loss beyond his or
her investement contribution.
A joint venture is: - Correct Answertwo or more individuals mergin efforts for one
event only.
A written proxy - Correct Answermay grant general authority to vote on all
matters at a stockholders' meeting.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller paulhans. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
