Members are corporators of a non-stock corporation.Group of answer choicesTrueFalse

In a stock corporation, officers are Group of answer choiceselected by incorporatorselected by shareholdersappointed by managementappointed by the board of directors

Incorporators are founders of a corporation.Group of answer choicesTrueFalse

When organizing a corporation, the incorporators submit articles of incorporation to Group of answer choicesthe board of Investmentsa judgethe Securities and Exchange Commissionthe National Bureau of Investigation

All shareholders of a corporation have the right to share in the profits of the corporation.Group of answer choicesTrueFalse

Which type of business is owned by shareholders who buy stock in the company?A.CorporationB.Sole proprietorshipC.PartnershipD.Firm