answersLogoWhite

0

Limited-Liability is a key feature of the modern corporation.

User Avatar

Wiki User

13y ago

What else can I help you with?

Continue Learning about Management

What are the key aspects of corporate organization?

The major characteristics of a corporation are separate legal existence, limited liability of stockholders, transferable ownership rights, ability to acquire capital, continuous life, corporation management, government regulations, and additional taxes.


What is the difference between a corporation and an MNC?

A corporation is a legal entity that can engage in business activities, issue stock, and protect its owners from personal liability. A multinational corporation (MNC), on the other hand, is a specific type of corporation that operates in multiple countries, managing production or delivering services across international borders. While all MNCs are corporations, not all corporations are MNCs, as many operate solely within a single country. The key distinction lies in the global reach and operations of an MNC compared to a domestic corporation.


What are the key feature of effective boards of directors?

Effective board of directors should have many traits. Knowledge of the company, an understanding of policies, and the ability to listen to problems that may have to be addressed are key qualities of a member of a board of directors.


What are the duties of a corporation's board of directors?

The board of directors is responsible for overseeing the management of a corporation and ensuring it acts in the best interests of shareholders. Key duties include setting company policies, approving financial plans and budgets, appointing and evaluating executive leadership, and ensuring compliance with legal and regulatory requirements. Additionally, the board is tasked with safeguarding the corporation’s assets and making strategic decisions to drive long-term growth. They also have a fiduciary responsibility to act with care and loyalty toward the corporation and its stakeholders.


Who is the business decisions of a corporation made by?

The business decisions of a corporation are typically made by its executive management team, which includes positions like the CEO, CFO, and other top executives. They often collaborate with the board of directors, who provide oversight and strategic guidance. Additionally, key stakeholders, such as shareholders and employees, can influence decisions through their interests and feedback.

Related Questions

What is the symbol for Key Tronic Corporation in NASDAQ?

The symbol for Key Tronic Corporation in NASDAQ is: KTCC.


In what year did Key Tronic Corporation - KTCC - have its IPO?

Key Tronic Corporation (KTCC) had its IPO in 1983.


Which is a key feature of Renaissance painting?

A key feature of Renaissance painting is that they have perspective and depth.


Stockholder control is a feature of what type of business?

public corporation


What is the market cap for Key Tronic Corporation KTCC?

As of July 2014, the market cap for Key Tronic Corporation (KTCC) is $110,559,386.47.


What are the advantages and disadvantages of modern corporation?

One advantage to having a modern corporation is the fact that they can better manage their costs and employees based on information from research. A disadvantage to having a modern corporation is the fact that they generally aren't socially responsible.


What happens if text is selected and then the backspace key is pressed?

Pressing the backspace key with text selected automatically auto-corrects your spelling. It's a very useful feature built into most modern computers built after 2005.


What private corporation was a key player to the Internet?

Xerox


What was a key feature of colony of rhode island and providence plantation?

Religous freedom, with a total seperation of church and state is a key feature


What Jones retail corporation was feature at the end of the movie devil wears Prada?

poo


Which feature of modern Western thought is most influenced by the practices of Socrates?

The emphasis on critical thinking and rational inquiry is a key feature of modern Western thought that is heavily influenced by the practices of Socrates. Socrates encouraged questioning, dialogue, and seeking knowledge through intellectual exchange, which has contributed to the development of the scientific method and the importance of evidence-based reasoning in modern thought.


What is the key feature of circular flow?

the market.

Trending Questions
Why business market managers must be adopt at analyzing understanding Building And playing an active part in work team working relationship and Business networking? Who Describe the financial impact of food resource wastage can have upon the organisation? How do you use feedback to agree ways to improve your own work and put them into practice? What contains a database that helps a group or department make decisions? How organizational theory underpins the practice of management? Define what strategists are Describe what they do in an organization? Why should issues such as quality management customer satisfaction and teamwork be the concerns of all employees? Why planning is important for the organization? What is Strategic Human Resource Management in multinational enterprises? What is the meaning of minutes in management? What competencies would be most important for an ergonomist to have? What are the responsibilities of a commercial property management company? How do you get rid of get genuine office? What are the conclusion and solution of 14 principles of management? How do productivity concerns influence organizational policies and procedures regarding HRM activities? Risk Management what is a risk decision? What is the industry standard for estimating the percent of project manager time on a project? Is planning a project? What is Robert Gates position? When a firm develops and maintains a strategic fit between its goals and capabilities it is performing?