Student Solution

-->

"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

1 University

1 Course

1 Subject

Download Solution

Related Solution

Book Passage Assignm...
The passage shed light on the matter of product assortment, credit policy so that they can shape the image of the brand according to the preference of the customers. Moreover, the retailers concentrat...

Book Passage Assignment 7
Book Passage Assignment 7

The passage shed light on the matter of product as

Gilgamesh_1631274519...
Three courageous qualities Gilgamesh possessed were such as comprehensive knowledge of the time because he saw the great mystery before the flood. Gilgamesh was in the possession of stupendous power a...

Gilgamesh
Gilgamesh

Three courageous qualities Gilgamesh possessed wer

MBTI Assignment_1678...
The Myers-Briggs Personality Type Indicator (MBTI) is an inventory designed to identify an individual's preferences, strengths, and personality types. The questionnaire was developed by Katherine Brig...

MBTI Assignment
MBTI Assignment

The Myers-Briggs Personality Type Indicator (MBTI)

Ch 39 Corporations #1 assignment

Corporations

Q 1) Distinguish between: a) A public corporation and a publicly held corporation b) A publicly held corporation and a close corporation 2) It is said that the major weakness of the corporate form of doing business is "double taxation". a) What is it? b) Can it be avoided legally? How? 3) What is an "ultra vires" act?

View Related Questions

Solution Preview

View Complete Solution
There are several stockholders in case of a public corporation. However, the management functions are not performed by the stockholders in case of a public corporation. In case of a public corporation, there is trading done publicly of the stock by letting the stock get exposure in the stock market (Clarkson, Miller & Cross, 2016). However, in case of a publicly held corporation, there are only a few stockholders. These stockholders can perform management functions and be responsible for running the company (Clarkson, Miller & Cross, 2016).