A Business Organized as a Corporation

question 181

Multiple Choice

A business organized as a corporation

• A) is not a separate legal entity in most countries.
• B) requires that shareholders be personally liable for the debts of the business.
• C) is owned by its shareholders.
• D) terminates when one of its original shareholders dies.

---

Definitions:

Radical Microsociology

A branch of sociology focusing on small-scale social interactions and individual processes, incorporating critical or unconventional perspectives.

Randall Collins

is a sociologist known for his theories on interaction ritual chains and conflict sociology, focusing on the dynamics of social interaction and structural change.

Substantive Rationality

Substantive rationality refers to decision-making and reasoning based on the consideration of ends, values, or goals, rather than solely on predetermined rules or procedures.

Lifeworld

A term in philosophy and social sciences referring to the individual's personal world of experience and meaning separate from systemic structures.