A Corporation Is Not

question 7

Multiple Choice

A corporation is not:

• A) owned by shareholders who enjoy the privilege of limited liability.
• B) easily divisible between owners.
• C) a separate legal entity with perpetual life.
• D) a separate legal entity with limited life.

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Definitions:

Wholesaler

An intermediary entity in the distribution channel that buys goods in large quantities from producers and sells them in smaller quantities to retailers or other businesses.

Performs

Refers to the actions or tasks completed by an individual, device, or system, typically measured against a standard or expectation.

Full-Line Wholesalers

Wholesalers who offer a wide range of products from many different manufacturers, providing retailers with varied merchandise under one roof.

Hardware

The physical components of a computer system or electronic device.