Which of the Following Is an Incorrect Statement About a Corporation

question 105

Multiple Choice

Which of the following is an incorrect statement about a corporation?

• A) A corporation is an entity separate and distinct from its owners.
• B) Creditors ordinarily have recourse only to corporate assets in satisfaction of their claims.
• C) A corporation may be formed in writing, orally, or implied.
• D) A corporation is subject to numerous government regulations.

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Definitions:

Demand

The quantity of a good or service that consumers are willing and able to purchase at a given price over a specified period of time.

Constraint

A limitation or restriction in a problem-solving or decision-making process, often imposed by the requirements or conditions of a scenario.

Cutting Pattern

A specified arrangement or plan for cutting materials, used in manufacturing or textile production to maximize efficiency or output.

Solver

A tool or algorithm used to find the solution to mathematical problems or optimize certain parameters within constraints.