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.

---

Definitions:

Consumer Need

A requirement or desire that motivates a customer to purchase products or services to solve a problem or fulfill a want.

Home Security

Systems and measures taken to protect a home and its inhabitants from burglaries, intrusions, and other threats.

Supply Chain

The network of all the individuals, organizations, resources, activities, and technology involved in the creation and sale of a product, from the delivery of source materials from the supplier to the manufacturer, and to its eventual delivery to the end user.

Logistics

The management of the flow of goods, services, and information between the point of origin and the point of consumption to meet customer or corporation requirements.