usace 33% 3:52 PM Read Only - You can't save change. .. 33 The stock of a prvale corporation A) is raded onthe New York Slock Exchange B) is not mada available for purchase by the pubic C) D) E) subjects the shareholders to unlimited liability pays no dividends None of the above 34) A corporation whose stock can be purchased by anyone and is traded in stock exchanges is known as aln) A) public corporation B cooperative C) not-lor-prolit coporation D) S corporation E) private corporation 35) Mars. Inc., the maker of M&Ms and other candy, is 100% owned by the Mars family. This is an example of a(n) A) S cporation B not-lor-prolit coporation C) public corporation D) private corporation 36) Inveslors who purchase shares of stock in a crparalion are is A shareholders B) proprietors C) limited partners D) joint venture partners E) general partners 37) All ol the tollowing are disadvantages ol coporalions EXCEPT A) control by outside investors B start-up cosl and complexity C) liquicity D) double taxation E) govermental reporting requirements 3B) Liquicity means thal Athe slock market has a shorl-te oientation B) the corporation is taking the company puic C) investors can easily and quickly convert their stock into cash. D) shares of stock can be bequeathed to the heirs of shareholders. E) shareholders face only unlimited liability 39) Periccdic distributions o proli that a coporation makes to iis shareholders are called_. A? liquidated assets B eamings per share C) par distributions E) dividends 40 The EBoard fDirectors in a corporation represents the A shareholders B) goverment C) employees E) corporate officers 41) In corporate gowemance, licers f the corporation report to the_. A inwestors C) Board of Directors D) employees E) parent company 5 of 9