A Corporation Is Responsible for Its Actions and Any Debts

question 173

True/False

A corporation is responsible for its actions and any debts incurred. It can enter into its own contracts, and it can buy, own, and sell property.

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Definitions:

Compulsion

A persistent, irresistible, and irrational urge to perform an act or ritual repeatedly.

Classical Conditioning

A training method where two stimuli are consistently presented together, leading to a response initially triggered by the second stimulus eventually being triggered by just the first stimulus.

Bureaucracies

Bureaucracies describe organizational structures that are characterized by a hierarchy of authority, a clear division of labor, explicit rules, and impersonality in managerial decisions.

Sociologists

Professionals who study social behavior, patterns of social relationships, social interaction, and the culture that surrounds everyday life in different social contexts.