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The board manages the business of the corporation, selects and supervises officers and declares dividends. What is the exception to the role of directors? A corporation can have a committee of the board, made up of the board members, to whom substantial management functions are …
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directors, officers, shareholders. Click card to see definition 👆. Tap card to see definition 👆. 3 major groups of individuals within a corporation. Click again to see term 👆. Tap again to see term 👆. to keep the institution alive and keep their jobs; to raise the value of the company's stock. Click card to see definition 👆.
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A corporation formed, in many cases, for charitable, educational, religious, or similar purposes, and organized and operated without the goal of making a profit. Close Corporation (a.k.a. "closely-held corporation"): A privately-held corporation with a small number of shareholders, often members of the same family.
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When a lawyer represents a corporation, the client is the corporation, not the corporation's constituents. • Elements. 1. A person retains a lawyer for the purpose of organizing an entity, and. 2. The lawyers involvement with that person is directly related to that incorporation, and. 3.
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Start studying Corporations. Learn vocabulary, terms, and more with flashcards, games, and other study tools.
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1. Shares issued as compensation to directors, officers, agents, or employees. 2. Shares issued to satisfy conversion or option rights previously granted by the corporation. 3. Shares authorized in the articles of incorporation taht issued within six months of incorporation. 4. Shares that are not sold for money. 5.
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Eva is one of the directors of Purple-On Corp. Tim works as a reporting officer in the corporation. In which of the following situations will a court most likely find Eva to have breached her duty of care? ... Other Quizlet sets. Cold War History Test. 33 terms. jem0815. Music Therapy Quiz 1. 39 terms. MusicTherapy2022. 202 eoc. 28 terms. Tito ...
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The right to manage a corporation is not spread out among the shareholders, but rather is centralized in a board of directors, who usually delegate day-to-day management duties to officers. Finally, ownership of a corporation normally is freely transferable; a shareholder can sell his shares to whomever he wants, whenever he wants, at whatever ...
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- Quizlet The number of officers and their exact titles vary from corporation to corporation, but most have a president, several vice presidents, a secretary, a treasurer, and a controller. The board sets policy and makes broad decisions, while the officers are in charge of day-to-day operations. Corporations. The Types of Corporate Officers.
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appointed by the president of the company. A corporation's officers and other executive employees are hired by corporate shareholders. 1-Which of the following controls a corporat
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