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CLA Quiz Questions and Answers ,100% CORRECT
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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...

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  • February 13, 2023
  • 3
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers

Subjects

  • cla quiz questions and answers
  • the most common form of business organization is
  • general partnerships are goverened by the
  • a de facto corporation is

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  • CLA
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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
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.

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