Which of the Following Is an Incorrect Statement Regarding the Corporate

question 22

Multiple Choice

Which of the following is an incorrect statement regarding the corporate form of business organization?

• A) The dominant form of business organization in the United States is the corporation.
• B) A corporation is a legal entity created by federal law.
• C) A corporation raises capital by issuing stock to investors.
• D) Although the corporation may have many owners, it is legally treated as a single person.

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Definitions:

Primitive Type

A basic data type provided by a programming language as a building block. It is not composed of other data types.

Vector

A class in Java that implements a dynamic array. Unlike ArrayList, it is synchronized, making it thread-safe but slightly slower in single-threaded environments.

Size

The dimension or amount of space occupied by an object, or in computing, the amount of data or memory capacity.

Capacity

In the context of data structures, capacity refers to the total amount of elements a structure can hold before needing to allocate more space.