corporations
corporations
corporations
corporations
corporations
100
Define corporation.
What is separate legal entity created by the state.
100
List four characteristics of common stock.
What are there is no stated or set dividend, annual dividend is not guaranteed, common shareholders are the residual owners of the corporation, common shareholders can vote at shareholders meeting.
100
What does it mean to be a nonprofit or not for profit corporation?
What is a corporation that keeps all the profits within the corporation and does not pay dividends.
100
Define security.
What is 1. an investment of money 2. in a common enterprise 3. with the expectation of future profits?
100
What does it mean to be a foreign corporation to the state of Missouri?
What is the corporation is incorporated in a state other than Missouri?
200
What is filed with the state to form a corporation?
What is Articles of Incorporation?
200
List common characteristics of preferred stock?
What is get paid dividend before common shareholders, probably have a set amount for dividend, missed dividends may accumulate, usually non voting stock, may, upon certain conditions, be convertible to certain number of shares of common stock.
200
When is cumulative voting allowed?
What is when voting for members of the corporation's board of directors?
200
What is it called when an employee of a company (or that person's friend or family member) has advance information about a new product about a devastating lawsuit and immediately goes out and buys or sells shares of stock in that company?
What is insider trading? It is illegal and you will at least owe back the profit you made and you may go to jail. Ever heard of Martha Stewart or seen the movie Trading Places?
200
This is a corporation taxed like partnership?
What is a sub chapter S corporation?
300
three things in articles of incorporation
What are name of corporation, name of incorporators, capital structure of the business
300
What type corporation is General Electric?
What is a private corporation whose shares of stock are publicly traded?
300
Explain cumulative voting.
What is: When a shareholder is voting for a member of the corporate board of directors, that shareholder has votes equal to the number of shares owned times the number of directors to be elected.
300
What type of liability do shareholders of a corporation have?
What is limited liability?
300
Owners of Subchapter S corporations do not have limited liability.
What is FALSE?
400
What are three things that go into the Articles of Incorporation?
What are name and address of registered agent, name of corporation, and purpose of corporation?
400
Give two examples of a public corporation.
What AMTRAK and Tennessee Valley Authority (federal government owns and operates them.)
400
Why is cumulative voting allowed?
If the minority shareholders get together, they may be able to elect a member to the board of directors. Typical voting on other issues is for the shareholder to have one vote per share.
400
My two brothers and three sisters and myself own all the stock of a five million dollar business that operate. What is this type corporation called?
What is a close or closed corporation? Defined as the shares of stock are not readily available to the public.
400
A subchapter S corporation is a pass through organization for tax purposes.
What is TRUE?
500
How can corporations be financed?
What is sell stock (ownership) or sell bonds (debt)
500
Can a not for profit corporation make a profit?
What is YES.
500
Do preferred shareholders usually vote at the annual shareholders' meeting?
What is NO
500
What does it mean to be a domestic corporation to the state of Missouri?
What is that company is incorporated in Missouri?
500
What is the longest time period corporations can legally exist?
What is perpetual?
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