A Business Organized as a Corporation

question 31

Multiple Choice

A business organized as a corporation:

• A)is not a separate legal entity in most provinces.
• B)requires that shareholders be personally liable for the debts of the business.
• C)is owned by its shareholders.
• D)has income tax disadvantages over a proprietorship or partnership.

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Definitions:

Sensorimotor Abilities

Pertains to the skills emerging in infancy, where a child learns to integrate sensory information with motor actions, as described in Piaget's developmental stages.

Reaction Time

is the interval between the presentation of a stimulus and the initiation of a muscular response to that stimulus.

Promote Fitness

Activities or interventions aimed at improving physical health and well-being through exercise and nutrition.

Auditory Stimuli

Sounds or noises that evoke a response from the auditory system.