Which of the Following Statements Is Correct

question 7

Multiple Choice

Which of the following statements is correct?

• A) Stockholders are legally liable for all the debt of a corporation.
• B) A corporation is a business that is legally owned by its employees.
• C) Corporations are legal entities that, in law, are treated as persons.
• D) Most large companies and many small companies in the United States are not corporations.

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Definitions:

Extended Periods

Lengthy durations of time, often longer than normal or expected.

Feelings Of Guilt

Emotional experiences that arise from the belief that one has done something wrong or failed to do something right.

Occasional Eating Binges

The act of consuming an excessive amount of food in a short period of time, typically not as a regular habit.

Bulimia

An eating disorder marked by periods of binge eating followed by inappropriate methods to avoid weight gain, such as vomiting.