首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
Corporations A corporation is a firm owned by one or more individuals who own shares of stock that define ownership and righ
Corporations A corporation is a firm owned by one or more individuals who own shares of stock that define ownership and righ
admin
2012-07-29
55
问题
Corporations
A corporation is a firm owned by one or more individuals who own shares of stock that define ownership and rights to profits. Liability is limited to the value of corporation assets. Although corporations constitute the smallest category of business organization in the United States, they conduct most of the business. In 1998. corporations accounted for just 19 percent of the total number of firms in the economy but 90 percent of total business revenuers. From these numbers we can infer that many large firms are corporations and that this form of business organization possesses certain advantages over the proprietorship and the partnership in conducting large-scale production and marketing.
In a corporation, ownership is divided into equal parts called shares of stock. Shares are the equal portions into which ownership of a corporation is divided. If any stockholder dies or sells out to a new owner, the existence of the business organization is not terminated or endangered as it is in a proprietorship or partnership. For this reason the corporation is said to possess the feature of continuity(连续性).
Another feature that makes the corporation radically different from other forms of business organization is share transferability—the right of owners to transfer their shares by sale or gift without having to obtain the permission of other shareholders (股东). For many large organizations, shares of stock are traded on a stock market such as the New York Stock Exchange. Other corporations, however, are smaller, and their shares are traded so seldom that they are not even listed on formal stock exchanges. The shares of these firms are traded by independent stockbrokers(股票经纪人) on the over-the-counter market.
Share transferability is the most economically important feature of the corporation; in fact, share transferability is one reason for the origin of the corporation. It allows owners and managers to specialize, increasing efficiency and profitability in the firm. Owners of stock in a corporation do not need to be concerned with the day-to-day operations of the firm. All that owners need to do is observe the changing price of the firm’s shares on the stock market to decide whether the company is being competently managed if they are dissatisfied with the performance of the company, they can sell their stock. Managers, on the other hand , specialize in reviewing the day-to-day operations of the corporation.
Still another feature of the corporation is limited liability. Corporate shareholders are responsible for the debts or liabilities of the corporation only to the extent that they have invested in it. Many investors prefer investments in which their risk of personal loss is strictly limited; the amount of direct investment in corporations is therefore increased as a result of the limited liability involved.
The passage implies that the price of the firm’s shares is an indication of its______.
选项
A、performance
B、earnings
C、size
D、profits
答案
A
解析
答案主要根据第四段的All that owners need to do is observe the changing price of the firm’s shares on the stock market to decide whether the company is being competently managed…这句话。
转载请注明原文地址:https://kaotiyun.com/show/6Omd777K
本试题收录于:
职称英语卫生类A级题库职称英语分类
0
职称英语卫生类A级
职称英语
相关试题推荐
AGOODSTARTTOAHOLIDAYIhadneverbeentoDenmarkbefore,sowhenIsetouttocatchtheferryinearlyMay,Ilittle【
AGOODSTARTTOAHOLIDAYIhadneverbeentoDenmarkbefore,sowhenIsetouttocatchtheferryinearlyMay,Ilittle【
CAMPINGAlthoughsomegroupsofpeoplehavealwayslivedoutdoorsintents,campingasweknowittodayonlybegantobe
DearDavid,I’mgoingtovisityourcountrynestmonth.I’mgoingtotravel【B1】______twofriends.Wedon’tknow【B2】____
ParisDearMaria,It’sgoodtobebackhomeinmycountrybutIstillthink【B1】______allthefriendsImadeinourEngli
ParisDearMaria,It’sgoodtobebackhomeinmycountrybutIstillthink【B1】______allthefriendsImadeinourEngli
ParisDearMaria,It’sgoodtobebackhomeinmycountrybutIstillthink【B1】______allthefriendsImadeinourEngli
NewChangesinAmericanLifeOnceitwaspossibletodefinemaleandfemaleroleseasilybythedivisionoflabor.Menworke
NewChangesinAmericanLifeOnceitwaspossibletodefinemaleandfemaleroleseasilybythedivisionoflabor.Menworke
随机试题
高压氧下静脉输液有何特点?
A.实寒证B.实热证C.虚寒证D.虚热证阴病治阳适用于
供货方的项目管理工作主要在施工阶段进行,但它也涉及()
1997年~2000年企业应缴纳的所得税为()。外方将分得的2001年的税后利润用于再投资应退的税额为()万元。
材料:某教师在讲授昆曲时设计了如下教学环节。教师组织学生开展“探究一赏析一表演一宣传”亲近乡土系列活动。主要内容:①昆曲发源大揭秘:宣布昆曲的研究过程。②争当昆曲光荣传承人:小昆班昆曲表演。③在队
健康的电影市场,在大制作主流电影、各种类型化商业电影之外,应该容纳风格、题材、类型多样的艺术电影。但是,由于如今早就不是电影形态一统天下的局面,媒介越来越多样化,而观众的消费需求也被媒介的多样化逐渐分化。所以,艺术电影如果要进入影院被观众消费,那么它必须具
【案情】2014年5月,甲与乙签订租赁合同约定,甲将自有房屋租给乙使用,租期两年,每月租金3000元,若一方当事人毁约,需赔偿对方3个月的租金。2015年5月,房地产价格持续上涨,房屋租赁价格涨到每月7000元,甲与乙协商要求涨房租,乙不接受,于是甲一次
请将【算法2-1】和【算法2-2】中(1)~(7)处补充完整。请从下面的选项中选择相应的判断逻辑填补【算法2-1】中的“判断条件1”至“判断条件3”。注意,若“判断条件2”的逻辑判断结果为假,就无需对“判断条件3”进行判断。(a)字符是括号(b)字
【61】Notlongago,weAmericanshadaprettygoodideaofwhatfamilymeant.Buttoday,withpeoplelivingtogetherinsomanyd
Businessmemoisfrequentlyusedincompanies.Itiscalledanintra-companycommunicationbecauseitisusedbypeopleintheir
最新回复
(
0
)