Which of the following always do/does apply to corporations? Mention true or false against each and explain
Question:
Which of the following always do/does apply to corporations? Mention true or false against each and explain your rationale.
a. Unlimited liability.
b. Ownership can be transferred without affecting operations.
c. Managers can be fired with no effect on ownership.
d. Shares must be widely traded.
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Heres a breakdown of each statement with clarifications a Unlimited liability False One of the key f...View the full answer
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Related Book For 
Corporate Finance Theory And Practice In Emerging Economies
ISBN: 9781108486965
1st Edition
Authors: Sunil Mahajan
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