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Nataly_w [17]
3 years ago
5

Of the following statements, which are true for the corporate form of organization? (Select all that apply.)a. Owners have limit

ed liability for corporate debts. b. It has an unlimited life. c. Directors oversee its business affairs. d. Ownership is usually transferred readily. e. Compared to other forms of organization- capital (financing) is more difficult to accumulate. f. Generally there is no double taxation on corporate income that is distributed to owners. g. It is not a separate legal entity from its owners.
Business
1 answer:
zepelin [54]3 years ago
8 0

Answer: Option A , B , C , D ,

Explanation:

A. As from the perspective of corporate law, the owners and company are two different entities thus the company itself is liable for its debt. Hence, It is true.

B. The basic characteristic of a corporate entity is that it has perpetual existence, thus, it has a continuous life. Hence, It is true.

C. Usually a corporate entity has one director for all of its major operations to control business activities of  that department. Hence, It is true.

D. The ownership rights of corporate entities trade in share market in form of common stocks and can be sold or purchased easily. Hence, it is true.

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2)No

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Contrasting between farmers, school teacher and factory worker,the factory workers are semi skilled,teachers skilled and farmer could be non skilled ,the school teacher schedule is always fixed 8am to 4pm for instance so they are more organized,they are mostly in formal attire while a factory worker run shifts and may be see in safety boots and overall and may have little or erratic schedules .the farmer on the other hand has no schedule ,has relaxed routine,wear casuals and not necessarily tidy,does things when willed as most are self employed.

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The organization uses less resources like staff,PCs to run self service this fund can be invested in other areas.

Increase customer service occurs as a result of self service , customer can do their trasaction at their pace and convenience.

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