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Which of the following is a type of bond that a corporation may call in and repay at specific times?


A) Secured
B) Unsecured
C) Callable
D) Convertible
E) Income

F) None of the above
G) All of the above

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Closely held corporations generally offer stock for sale to the general public.

A) True
B) False

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A[n] ______ corporation is a business incorporated in another country.


A) Visiting
B) Foreign
C) Interstate
D) Alien
E) Approved

F) B) and E)
G) A) and D)

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Which of the following is a document a corporation files with the state explaining its organization?


A) Certificate of organization
B) Articles of incorporation
C) Proof of incorporation
D) Proof of capitalization
E) Establishment of corporation

F) A) and E)
G) B) and D)

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Which of the following is false regarding management of a corporation?


A) Shareholders generally participate in corporate management.
B) Shareholders elect a board of directors.
C) The board of directors selects officers to manage the day-to-day business of the corporation.
D) If shareholders die, corporations do not dissolve.
E) In most states, corporations can exist indefinitely.

F) None of the above
G) A) and B)

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Which of the following is another name for debt securities?


A) Stocks
B) Bonds
C) Certificates of deposit
D) Equity securities
E) Preferred debt

F) A) and E)
G) A) and B)

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Owners of which of the following types of stock enjoy preferences with respect to assets and dividends?


A) Acknowledged
B) Preferred
C) Simple
D) Complex
E) Common

F) C) and D)
G) B) and E)

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