02. Functions of corporation. (any 5)
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A corporation is a legal entity that is separate and distinct from its owners. 1 Corporations enjoy most of the rights and responsibilities that individuals possess: they can enter contracts, loan and borrow money, sue and be sued, hire employees, own assets, and pay taxes. Some refer to it as a "legal person."
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1.Selecting a CEO. The board of directors of a small corporation is responsible for selecting a chief executive officer (CEO). ...
2.Providing Continuity. ...
3.Managing Resources Effectively. ...
4.Increasing Profits. ...
5.Social Responsibilities.
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