16. who also invests in a corporation? why are these people important? 17. explain the corporate structure…

Brief Explanations:

16. Besides shareholders, bond - holders also invest in a corporation. They provide debt capital. They are important as they offer a stable source of funds and their interest payments are legally binding, which helps in the smooth operation of the business.
17. Corporate structure typically includes the board of directors, management, and employees. The board makes high - level decisions, management implements them, and employees carry out day - to - day operations. It also involves different departments like finance, marketing, and human resources.
18. Four advantages of a corporation are: limited liability for shareholders, ease of raising capital through stock and bond issuance, perpetual existence (not affected by the departure of owners), and professional management.
19. Four disadvantages of a corporation are: double - taxation (corporate income is taxed, and then dividends to shareholders are taxed), more complex regulatory requirements, high initial setup costs, and potential for agency problems (conflicts between managers and shareholders).

Answer:

16. Bond - holders also invest in a corporation. They are important as they provide a stable source of funds and their interest payments are legally binding.
17. Corporate structure includes the board of directors, management, employees, and different departments. The board makes decisions, management implements, and employees do day - to - day work.
18. Limited liability, ease of raising capital, perpetual existence, professional management.
19. Double - taxation, complex regulations, high setup costs, agency problems.