What is a certificate of incorporation?
A. the taxes of a stockholder must pay if he or she sells ownership in a corporation
B. a license to form a corporation issued by the state government
C. the stocks representing a majority interest in a corporation
D. an annual report filed by a corporation with the Securities and Exchange Commission
Which of the following is one disadvantage of incorporation?
A. limited liability for owners
B. potential loss of control by founders
C. transferable ownership
D. long life
Name two countries that operate the world's largest multinationals today.
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