The Distinguishing Feature of a Corporation Is That

question 24

Multiple Choice

The distinguishing feature of a corporation is that:

• A)there is no legal difference between the corporation and its owners.
• B)it is a legally defined,artificial being,separate from its owners.
• C)it spreads liability for its corporate obligations to all shareholders.
• D)it provides limited liability only to small shareholders.

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Definitions:

Social Change

The transformation over time in the institutions, culture, and structure of society.

Subculture

A group within society that is differentiated by its distinctive values, norms, and lifestyle.

Fan-Celebrity Relationships

The dynamic and often parasocial interaction between fans and celebrities, characterized by varying degrees of adulation, obsession, and personal attachment.

Recreational Activities

Activities carried out during leisure time for enjoyment, amusement, or pleasure, aiming to relax, entertain, and often provide physical or mental health benefits.