A Company Is a Separate Legal Entity

question 17

Multiple Choice

A company is a separate legal entity.This means that:

• A)the shareholders are entirely separate from the management.
• B)the directors and the shareholders are a combined legal personality.
• C)the directors of the company are separate from the decision making.
• D)the company has the legal rights and liabilities of a person.

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Definitions:

Gender Of Customers

A demographic variable referring to the classification of customers based on their gender identity, often used in market research for segmentation and analysis.

Default

A failure to fulfill an obligation, especially failure to meet a financial obligation like a loan repayment.

Mortgage Company

A financial institution that provides loans specifically for buying real estate properties.

Probability

A measure quantifying the likelihood that an event will occur, ranging between 0 and 1.