Which of the following are correct descriptions of large corporations? a. Managers no longer have the incentive
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Which of the following are correct descriptions of large corporations?
a. Managers no longer have the incentive to act in their own interests.
b. The corporation survives even if managers are dismissed.
c. Shareholders can sell their holdings without disrupting the business.
d. Corporations, unlike sole proprietorships, do not pay tax; instead, shareholders are taxed on any dividends they receive.
CorporationA Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Related Book For
Fundamentals of Corporate Finance
ISBN: 978-1260566093
10th edition
Authors: Richard Brealey, Stewart Myers, Alan Marcus
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