Which Statement Is INCORRECT in Regards to the Characteristics of a Corporation

question 47

Multiple Choice

Which statement is INCORRECT in regards to the characteristics of a corporation?

• A) It is a separate legal entity.
• B) It can be sued.
• C) Shareholders liability is limited to their investment.
• D) It cannot be publicly accountable.

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Definitions:

Neuroticism

A personality trait characterized by anxiety, fear, moodiness, worry, envy, frustration, jealousy, and loneliness.

False Assurance

Giving someone confidence or hope based on promises or assurances that are not guaranteed or may not be true.

Reassuring

Providing comfort or support to someone, often to alleviate doubts or fears.

Parroting

The act of mindlessly repeating what someone else has said without understanding or thought.