Corporation

High school (ages 12+)
People & Society

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/corporation

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. What is the economic impact?Dominant organizational form in global capitalism, driving innovation, employment, and wealth creation
2. How do corporations get money to build big things?Corporations can sell shares of stock to many investors. This lets them collect a lot of money at once, which helps them build things like railroads, factories, or new technology.
3. Why do corporations last longer than a person’s life?Corporations are designed to keep going forever. Even if owners change, the company continues, so it can plan and grow over many generations.

Shareholder Primacy: The principle that a corporation's primary duty is to maximize profits for its shareholders.
Agency Problem: Conflict of interest that can arise between corporate managers and shareholders.
Mergers and Acquisitions (M&A): Processes by which corporations combine with or take over other companies.