Ch 43 Flashcards
(4 cards)
1
Q
884 corporation is an ______ created by government action and granted certain powers.
A
artificial person
2
Q
884 A corporation is formed by obtaining approval of a c___ of i____, a____ of i_____, or a c_____ from the state or national government.
A
certificate of incorporation
articles of incorporation
charter
3
Q
The public corporation increasingly demands that ___________. Some of these are performed directly by government. Others are performed by _________ or _________ created by government.
A
government perform services.
4
Q
Close corporation refers to a corporation whose the share is held by __________ or a __________.
A
a sinle shareholder
a small group
