第六章单元测试
  1. In order to create a corporation, a company must file a charter with the state. These papers are called: ( )

  2. A:Articles of incorporation B:Certificate of incorporation C:Stock certificates D:Bylaws
    答案:Articles of incorporation
  3. The main difference between a C Corp and an S Corp is: ( )

  4. A:Personal liability for owners B:Tax status of the corporation C:Date of incorporation D:Number of corporation owners
  5. Which one of the following is not the power of shareholders? ( )

  6. A:Adopt resolutions ratifying or refusing to ratify certain actions of the directors. B:Adopt, amend, and repeal the corporation’s bylaws C:Elect directors D:Ratify contracts signed by the directors
  7. Which one of the following is not the authority or duty of officers? ( )

  8. A:Make contracts that bind the company as a whole or a significant part of the company. B:Amend the articles of association C:Obligations to Report D:Speak on behalf of the company
  9. A dividend on a preferred stock must be paid before ( ).

  10. A:a company can issue more common stock B:interest can be paid on bonds C:dividends on common stock can be paid D:the preferred stock can be converted
  11. Which one of the following statements is true regarding Sherman Antitrust Act? ( )

  12. A:The Act is a civil statute. B:The Act prohibits companies lower prices on goods in an effort to outsell the competition. C:The violation of the act may only result in fines. D:The Sherman Act prohibits all contracts and interactions that unreasonably restrain foreign trade and trade between states.
  13. Under Chapter 11 of Bankruptcy Code, The creditors’ committee consists of: ( )

  14. A:All unsecured creditors only B:All secured creditors only C:All creditors who have filed a claim D:All creditors whether or not they have filed a claim
  15. The end of a Chapter 11 comes with the: ( )

  16. A:Discharge B:Final Decree C:Post confirmation D:Confirmation

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