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6-
Managerial control in a corporation is with
Board of Directors
All of these
Shareholders
Mangers and officers
7-
Liability is the biggest concern in which of the following types of companies?
Partnerships & Sole Proprietorships
Corportations
Sole Proprietorships
Partnerships
8-
A derivative suit is most likely to be brought on by
majority shareholders in a publicly held corporation
majority shareholders in a closely held corporation
minority shareholders in a closely held corporation
minority shareholders in a publicly held corporation
9-
Any changes to the partners in a partnership will result in _____ of the company.
Bankruptcy
Termination
None of these
Dissolution
10 -
Fiduciary duties are the duties of ________ to take actions protecting the interests of _______.
Managers, Shareholders
Managers, Board of directors
Minority Shareholders, Majority Shareholders
Majority Shareholders, Minority Shareholders
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