Which of the Following Statements Is True of the Liability

question 31

Multiple Choice

Which of the following statements is true of the liability of investors in a corporation?

• A) Majority investors are personally liable, whereas minority investors are not personally liable.
• B) Investors have personal liability for the business transactions in corporations.
• C) Investor's liability is limited to the amount invested in the corporation.
• D) Investors are personally liable for transactions, whereas their property is not liable.
• E) Investors' property is liable for the business transactions but investors are not personally liable.

Understand the effects of changes in aggregate demand and supply on price levels and output.

Identify the mechanisms of adjusting to long-run equilibrium, including recessionary and expansionary gaps.

Comprehend the role of nominal wages in the economy and their adjustment process.

Analyze the impact of aggregate demand and supply shifts on equilibrium in the short run and long run.

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Definitions:

Panama Canal

A significant engineering project completed in 1914, connecting the Atlantic and Pacific Oceans and significantly impacting global trade routes.

Spiro Agnew

The 39th Vice President of the United States, serving under President Richard Nixon, and known for his resignation due to accusations of bribery and tax fraud.

Dam Projects

Large-scale engineering projects involving the construction of dams across rivers or waterways for purposes such as irrigation, flood control, water supply, or hydroelectric power generation.

Powerful Members

Individuals or entities within a group, organization, or society that hold a significant amount of influence or authority over decisions and policies.