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Q 1
Which of the following is TRUE regarding a corporation?
a. it is authorized by statute
b. it is managed by the federal government
c. it is created and recognized by international treaties
d. it is created by local city ordinance
Q 2
The responsibility for the overall management of a corporation belongs to:
a. shareholders
b. the board of directors
c. the chief executive officer
d. the chief financial officer
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