What does CEO stand for?
AnswerChief Executive Officer
The CEO is the top executive running the company.
Business · Facts & stats
Corporation facts & stats
7 fact-checked facts about corporations and how businesses are structured, each with the reason behind it. 5 more are in today's round and join this page after it closes.
The basics
What does LLC stand for?
AnswerLimited Liability Company
An LLC is a common US business structure.
Going deeper
Which US state is famous as the place of incorporation for most large US public companies?
AnswerDelaware
Delaware's corporate law and courts attract many companies.
Which group oversees a corporation's management on behalf of shareholders?
AnswerThe board of directors
Shareholders elect the board to oversee management.
What is an annual general meeting?
AnswerA yearly meeting of a company's shareholders
Shareholders gather at the AGM to vote and hear from leaders.
Expert level
An 'S corporation' is named after which part of the US tax code?
AnswerSubchapter S
S corporations elect treatment under Subchapter S of the Internal Revenue Code.
In which year was the Hudson's Bay Company chartered?
Answer1670
England granted its royal charter in 1670.
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