A Business Organized as a Corporation

question 93

Multiple Choice

A business organized as a corporation

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

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Definitions:

Socioeconomic Status

An aggregate measure of an individual or family's economic and social position relative to others, based on income, education, and occupation.

Generalized

The process by which conclusions are drawn from specific instances to broader contexts or situations.

External Validity

The scope of applicability of research results to different settings and to a wider audience.

External Validity

The extent to which the findings of a study can be generalized to other settings, populations, or times.