Question 31 (1 point) Listen True or False: Stakeholders elect the Board of Directors. 1) True O 2) False Question 32 (1 point) Listen True or False: Non-profit corporations are not tax exempt. 1) True 2) FalseA partnership agreement consists of all but: O 1) contribution of partners O 2) division of income/loss ( 3) approval of dividends 4) conditions for settling disputesWhich statement best describes what employees should do if companies are unethical? (1) Employees do what they have to in order to keep their jobs O 2) Unless a matter effects an employee directly, employees do not make waves. 3) Employees question management and policy. (4) Employees will talk negatively about the company when not at work.True or False: A negative characteristic of a sole proprietorship is the special tax. O 1) True O 2) FalseTrue or False: Sarbanes-Oxley was created so that companies will have an easier time reporting financial information. 1) True 2) FalseQuestion 37 (1 point) Listen True or False: Corporate social responsibility is how an organization balances its responsibilities regarding stakeholders when making decisions. O 1) True O 2) False Question 38 (1 point) Listen True or False: Avoiding ethical lapses involves considering if an action is legal, fair, and or acknowledges wrongdoing. 1) True 2) FalseWhich factor is not considered in selecting a legal form? 1) shared profits 2) skills needed 3) time constraints 4) financial need Question 40 (1 point) Listen True or False: A hostile takeover is resisted by the targeted company's management and Board of Directors. 1) True 2) False