Which type of business organization has all respective right

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Problem 1: The articles of incorporation:

A. establish the rights of the shareholders.

B. are rules which apply only to limited liability companies.

C. address only those issues related to a corporation's managers and directors.

D. establish the compensation to be granted to senior managers.

E. include only the name, purpose, and intended life of the corporation.

Problem 2: Which type of business organization has all the respective rights and privileges of a legal person?

A. Sole proprietorship

B. Corporation

C. General partnership

D. Limited partnership

E. Limited liability company

Problem 3: A business entity operated and taxed like a partnership, but with limited liability for the owners, is called a:

A. limited liability company.

B. general partnership.

C. limited proprietorship.

D. sole proprietorship.

E. corporation.

Reference no: EM132958099

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