Which of the Following Is NOT True

question 47

Multiple Choice

Which of the following is NOT true?

• A)A corporation has no physical existence.
• B)A corporation is a legal fiction.
• C)A corporation is a creature of law.
• D)A corporation does not have the attributes of a natural person.
• E)A corporation has the same attributes as a natural person.

---

Definitions:

Floor Space

The total area available for certain purposes within a building, measured in square feet or square meters.

Contribution To Overhead

The portion of sales revenue that exceeds variable costs, contributing towards covering fixed costs and generating profit.

Indirect Expenses

Costs that are not directly tied to the production of goods or services, such as utilities, rent, and administrative salaries.

Indirect Costs

Expenses that are not directly attributable to a specific project or activity but are necessary for the general operation of a business.