If the partnership agreement describes the method of distributing the profits but does not mention the losses, the losses are distributed in the same way as . 2.A partnership is ended when a partner , , dies or . 3.Stockholders in a corporation own the of that the corporation issues. 4. A corporation is formed by the investment of the . 5. The appoints the managers of a corporation to execute the company’s policies and carry out day-to-day operations. 6. The management must report the financial results to the board of directors and to the periodically. 7.In most cases, the management in a corporation consists of the president, , , and .