Which of the Following Statements About the Operation of a Corporation

question 27

Multiple Choice

Which of the following statements about the operation of a corporation is correct?

• A)A corporate charter automatically expires in 99 years and must be renewed if the corporation wants to remain in business.
• B)Owners of a corporation have unlimited liability for any claims against their company.
• C)A corporation tends to be much easier to set up than a sole proprietorship or partnership.
• D)A corporation receives its charter from the federal or a provincial government.

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Definitions:

Data Staging

The process of preparing and storing data in a temporary staging area before it is used in data processing or analysis.

Fuzzy Logic

Enables the interjection of experiential learning into knowledge-based systems by allowing the consideration of probabilities.

Artificial Intelligence

The simulation of human intelligence processes by machines, particularly computer systems, including learning, reasoning, and self-correction.

Data Mart

A subset of a data warehouse, focused on a specific business line or team, that facilitates access to data to support decision-making processes.