The Number of Businesses Owned by Hispanics and Asians Has

question 80

Multiple Choice

The number of businesses owned by Hispanics and Asians has:

• A)has decreased after the 9-11 terrorist attack.
• B) slowly increased.
• C)significantly increased.
• D)remained relatively constant.

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Definitions:

Piercing

Piercing, often related to "piercing the corporate veil," refers to the legal decision to treat the rights or duties of a corporation as the rights or liabilities of its shareholders or directors.

Corporate Veil

A legal concept that separates the actions and liabilities of a corporation from those of its shareholders or directors.

Personal Liability

The legal responsibility of an individual to satisfy debts or obligations from personal assets, not protected by limited liability through a corporate structure.

Incorporators

Individuals involved in forming a corporation, who sign the articles of incorporation and may act as temporary directors until a board is elected.