A Person or Corporation That Is Empowered to Accept Service

question 10

Multiple Choice

A person or corporation that is empowered to accept service of process on behalf of a corporation is referred to as a(n) ________.

• A)promoter
• B)shareholder
• C)registered agent
• D)incorporator

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Definitions:

Specific Tax

A fixed amount imposed by the government on a product, service, or activity.

Price Elasticity

A measure that shows how much the quantity demanded of a good responds to a change in the price of that good.

Tax Borne

Refers to the entity (consumers, producers, or others) that ultimately pays the economic cost of a tax, regardless of who the tax is initially levied upon.

Subsidy Program

A government initiative designed to support businesses or individuals through financial assistance or tax benefits.