Term
| Advantages of Corporate Characteristics |
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Definition
| § Separate Legal Entity§ Limited liability of stockholders§ Transferable ownership rights§ Continuous life§ Lack of mutual agency for stockholders§ Ease of capital accumulation |
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Term
| Disadvantages of Corporate Characteristics |
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Definition
| § Government Regulation§ Corporate taxation |
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Term
| Stockholders Governance (Pyramid) |
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Definition
| § Stockholders, Board of Directors, President- Vice President- and Other Officers, Employees of the Corporation |
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Term
§ The Board of Directors has the ultimate responsibility |
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Definition
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Term
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Definition
| o Vote at stockholder’s meetingso Sell stocko Purchase additional shares of stocko Receive dividendso Share equally in any assets remaining after creditors are paid in liquidation |
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Term
§ Dividend payment involves three important dates: |
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Definition
| declaration, record and payment |
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