All publicly held corporations are regulated by what government organization?

A) The Financial Accounting Standards Board.

B) The Commission on Accounting Procedures.

C) The Accounting Principles Board.

D) The Securities and Exchange Commission.

Answer: D

The disadvantages of the corporate form of business include:

A) Ability to transfer ownership.

B) Additional taxes.

C) Limited liability.

D) Ability to raise capital.

Answer: B

Common stockholders usually have all of the following rights except:

A) To receive dividends when declared.

B) To share in the distribution of assets.

C) To elect board of directors.

D) To participate in the day-to-day operations.

Answer: D