Which of the Following Statements About the Operation of a Corporation

question 30

Multiple Choice

Which of the following statements about the operation of a corporation is correct?

• A)A corporation is a separate entity and is legally formed under state laws.
• B)A corporation automatically expires in 99 years and must be renewed if a corporation wants to remain in business.
• C)Owners of a corporation have unlimited liability for any claims against their company.
• D)A corporation tends to be much easier to set up than a sole proprietorship or partnership.

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Definitions:

Probability

A measure of the likelihood or chance that a particular event will occur, expressed as a number between 0 and 1.

Expected Total Utility

The sum of satisfaction or benefit that an individual expects to receive from consuming goods or services.

Probability

A measure of the likelihood of a particular event occurring, often expressed as a fraction or percentage.

Expected Income

The amount of money one anticipates receiving over a certain period, taking into account various income sources and factors.