A Foreign Corporation Can Conduct Intrastate Commerce If It Obtains

question 2

True/False

A foreign corporation can conduct intrastate commerce if it obtains a certificate of authority from the state.

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Definitions:

Ability-to-pay

A principle in taxation that states taxes should be levied on individuals or entities based on their ability to pay, which is often measured by income or wealth.

Higher Incomes

Refers to an increase in the amount of money earned by individuals or households, typically from employment, investments, or business operations.

Benefits

In economics, benefits refer to the positive outcomes or gains received by consumers or producers from engaging in a transaction or investment.

Price

The amount of money expected, required, or given in exchange for goods or services.