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BUSI 530 Certification Exam Questions and CORRECT Answers

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A corporation is a legal entity that has the rights to do which of the following?enter into contracts sue or be sued borrow money Which of the following individuals or groups is responsible for appointing the top management of a corporation?The board of directors A disadvantage of a partnership isunlimited liability A business organization in which a single person owns the assets and is responsible for the debt is known as asole proprietorship Separation of ownership and control is a disadvantage to shareholders whenmanagers act in their own interests

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