A Corporation

question 176

Multiple Choice

A corporation

• A) is a legal entity separate and distinct from its owners
• B) is regulated by Canada revenue agency
• C) has shareholders who have unlimited liability for the acts of the corporation
• D) can only have two owners
• E) is not a legal entity

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Definitions:

Amines

Organic compounds and functional groups that contain a basic nitrogen atom with a lone pair, derived from ammonia by replacement of one or more hydrogen atoms with organic groups.

Trimethylamine

A nitrogen-containing organic compound characterized by a strong fishy odor, used in the synthesis of various chemical products.

3-Pentanamine

A chemical compound characterized by a five-carbon chain with an amine group attached to the third carbon.

Reaction

A process in which substances interact to form new compounds or to change their physical or chemical properties.