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.

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Definitions:

Visibility

The extent to which an individual's or group's work, contributions, or status is recognized and noticed by others, particularly by higher management.

Non-substitutability

A characteristic of a resource or skill that cannot be easily replaced or duplicated by another.

National Accounting

A system of economic accounts that provides a detailed statistical representation of a country's economic activities during a specific period.

Legislation

Legislation is the process through which laws are enacted by a governmental body.