Which of the Following Statements About Companies Is Not Correct

question 22

Multiple Choice

Which of the following statements about companies is not correct?

• A)A company is a separate legal entity from its owners.
• B)A company can own property.
• C)When a limited liability company is unable to pay its debts, the owners must pay them.
• D)A company is established by registration.

Identify the short-term benefits of protectionism for domestic producers.

Recognize the impact of economies of scale on trade benefits.

Understand the variety of goods and services trade brings to a country.

Comprehend the reasons countries engage in trade.

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Definitions:

Improper Fractions

Fractions in which the numerator is at least as large as the denominator.

Lowest Terms

The most reduced form of a fraction, where the numerator and denominator are the smallest whole numbers possible.

Mixed Numbers

Numbers consisting of an integer and a proper fraction, representing sums of whole numbers and fractions.

Improper Fractions

Fractions where the numerator is greater than or equal to the denominator, representing a value of one or more.