Multiple Choice QuestionShareholders are allowed to transfer their shares in a business at any time without consent from the other shareholders in the form of a business called a Blank______.Multiple choice question.sole proprietorshipgeneral partnershipcorporationlimited liability partnership
Question
Multiple Choice QuestionShareholders are allowed to transfer their shares in a business at any time without consent from the other shareholders in the form of a business called a Blank______.Multiple choice question.sole proprietorshipgeneral partnershipcorporationlimited liability partnership
Solution
The correct answer is "corporation". In a corporation, shareholders can freely transfer their shares without needing consent from other shareholders. This is not the case in a sole proprietorship, general partnership, or limited liability partnership.
Similar Questions
Multiple Choice QuestionA form of business ownership that looks like a corporation but is taxed as though it were a partnership with restrictions on shareholders is ______.Multiple choice question.an S corporationa cooperativean unlimited liability companya sole proprietorship
Multiple Choice QuestionBefore the owners of a corporation can establish the company's bylaws and elect a board of directors, they must receive a Blank______ from the state in which they are doing business.Multiple choice question.partnershipcorporate charterinitial public offeringdividend
Multiple Choice QuestionA state-chartered legal entity with authority to act and have liability separate from its owners is a ______.Multiple choice question.general partnershipstakeholdercorporationsole proprietorship
Multiple Choice QuestionA legal form of business with two or more owners is a(n) ______.Multiple choice question.estatesole proprietorshippartnershipmultiple proprietorship
Multiple Choice QuestionA business owned and controlled through pooled resources by the people who use it is a(n) ______.Multiple choice question.cooperativeS corporationlimited partnershiplimited liability company
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.