Which of the Following Is True with Regard to the Characteristics

question 146

Multiple Choice

Which of the following is true with regard to the characteristics of corporations?

• A) The corporation is a separate legal person, but can neither sue nor be sued.
• B) Directors are responsible for the shareholders of the corporation.
• C) Shareholders are liable for the debts and other obligations of the corporation.
• D) A shareholder's liability is limited to the amount he or she paid for the shares.
• E) The shareholders would be vicariously liable for any damage caused by an employee of the corporation carrying out his or her duties.

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Definitions:

Exclusive Distribution

A distribution strategy where a supplier grants the right to sell its product to only one reseller within a specific geographic area.

Distribution Density

The measure of how widely and densely a product or service is available or distributed across a geographical area or market.

Piaget

A Swiss psychologist known for his pioneering work in child development and cognitive theory.

Fine Jewelry

High-quality jewelry made from precious metals and gemstones, including pieces like rings, necklaces, earrings, and bracelets, often associated with luxury and craftsmanship.