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
53
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.
One defining feature of the corporation is______.
选项
A、profitability
B、credibility
C、efficiency
D、share of transferability
答案
D
解析
根据第三段和第四段的第一个句子,就可知道,share的转让权是最主要的特征。因此D是唯一正确的答案。
转载请注明原文地址:https://kaotiyun.com/show/BOmd777K
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
ANEWCRUISESHIPOneofthebiggestpassengershipsinhistory,theIslandPrincess,carriespeopleoncruisesaroundtheCa
AGOODSTARTTOAHOLIDAYIhadneverbeentoDenmarkbefore,sowhenIsetouttocatchtheferryinearlyMay,Ilittle【
AGOODSTARTTOAHOLIDAYIhadneverbeentoDenmarkbefore,sowhenIsetouttocatchtheferryinearlyMay,Ilittle【
AGOODSTARTTOAHOLIDAYIhadneverbeentoDenmarkbefore,sowhenIsetouttocatchtheferryinearlyMay,Ilittle【
DearDavid,I’mgoingtovisityourcountrynestmonth.I’mgoingtotravel【B1】______twofriends.Wedon’tknow【B2】____
DearDavid,I’mgoingtovisityourcountrynestmonth.I’mgoingtotravel【B1】______twofriends.Wedon’tknow【B2】____
DearDavid,I’mgoingtovisityourcountrynestmonth.I’mgoingtotravel【B1】______twofriends.Wedon’tknow【B2】____
ParisDearMaria,It’sgoodtobebackhomeinmycountrybutIstillthink【B1】______allthefriendsImadeinourEngli
UnderstandingAutism1.Autism(孤独症)isalife-longdevelopmentaldisabilitythatpreventsindividualsfromproperlyunderstan
NewChangesinAmericanLifeOnceitwaspossibletodefinemaleandfemaleroleseasilybythedivisionoflabor.Menworke
随机试题
某年2月,A、B、C三家国有企业改制,准备设立甲股份有限公司,以募集设立方式设立,拟发行股本总额为6000万股(每股为人民币面值1元)。前期准备工作就绪,依法经有关部门批准,5月20日,在指定报纸上发布招股说明书,自5月28日开始向社会公开发行股票。在
Whenapplyingforajob,oneusuallyhastosubmitaresumeorcurriculumvitae(CV).
工程监理人员发现工程设计不符合(),应当报告建设单位要求设计单位改正。
为了适应经济开发区规模不断扩大的需要,某市政府计划在该区内新建一座110kV的变电站。新建变电站周边居住人口密集,站址内有地下给水管道和一幢6层废弃民宅。为加强现场文明施工管理,项目部制订了相应的现场环境保护措施。主要措施如下:措施1:施工前对施工
在创新产品估值没有确切的解析公式时,可用()方法。
下列各项可以作为应收账款入账金额的项目是()。
追溯调整法是指对某项交易或事项变更会计政策,视同该项交易或事项初次发生时即采用变更后的会计政策,并以此对财务报表相关项目进行调整的方法。()
给定A、B、C、D共4个城市之间的单向高速公路,如图6-3所示。图6—3中边上所注的权重为单向高速公路的千米数。现要建立一个应急救护中心,其地点应选择在某城市,使得应急救护中心到最远的城市的高速公路最近,以便应急救护人员能尽快到达。试回答以下问题:画
设(X,Y)是二维随机变量,X=的边缘概率密度为,在给定X=x(0
Billygot______asawaiterinarestaurant.
最新回复
(
0
)