common control, 89 REVIEW QUESTIONS 1. Briefly describe the difference between an offering corporation and a...

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common control, 89 REVIEW QUESTIONS 1. Briefly describe the difference between an offering corporation and a non-offering corporation. 2. Identify two rights that are attached to shares of a corporation. 3. Generally, a shareholder's participation in the management of a corporation is indirect-the shareholder will simply elect the directors who will manage the affairs of the corporation. Identify three ways that a shareholder can have a more direct effect on corporate management. 4. Describe the difference between an agent's actual authority and an agent's apparent authority. 5. Directors delegate the day-to-day management of the corporation to officers; however, they are not permitted to delegate certain duties. Identify three duties that directors are not permitted to delegate. 6. You now know the key advantages and disadvantages of operating a business as a sole proprietorship, common control, 89 REVIEW QUESTIONS 1. Briefly describe the difference between an offering corporation and a non-offering corporation. 2. Identify two rights that are attached to shares of a corporation. 3. Generally, a shareholder's participation in the management of a corporation is indirect-the shareholder will simply elect the directors who will manage the affairs of the corporation. Identify three ways that a shareholder can have a more direct effect on corporate management. 4. Describe the difference between an agent's actual authority and an agent's apparent authority. 5. Directors delegate the day-to-day management of the corporation to officers; however, they are not permitted to delegate certain duties. Identify three duties that directors are not permitted to delegate. 6. You now know the key advantages and disadvantages of operating a business as a sole proprietorship,