Corporate Governance and Business Ethics mcq set 3

81. An organization that is owned by shareholders but managed by agents on their behalf isconventionally known as the modern:A. ConglomerateB. CorporationC. CompanyD. Firm AnswerB. Corporation 82. The modern corporation has four characteristics. These are limited liability, legal personality,centralized management and:A. Fiduciary dutyB. StakeholdersC. ShareholdersD. Transferability AnswerD. Transferability 83. What makes a corporation distinct from…

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