Shareholders Can Lose Their Limited Liability If a Corporation Has

question 99

True/False

Shareholders can lose their limited liability if a corporation has been operated without the correct separateness between the owner and the corporation.

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Definitions:

Safety Needs

A level in Maslow's hierarchy of needs that entails security, safety, and stability in one’s physical and emotional environment.

Social Needs

Represents the basic human necessities for belonging, love, and affection, as part of Abraham Maslow's hierarchy of needs, emphasizing the importance of interpersonal relationships.

Esteem Needs

Needs that relate to self-esteem, respect, status, recognition, and strength in Maslow's hierarchy of needs.

Self-Actualization

The realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone.