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:

Passive Employees

Workers who tend to follow directions without active engagement, rarely initiating action or expressing opinions in the workplace.

Emotional Development

The process through which individuals gain awareness of their emotions, understand how to express them, and learn how to manage both positive and negative feelings effectively.

Full Responsibility

Refers to a state where an individual or group is completely accountable for their actions, decisions, and outcomes within a project or role.

Good Supervisors

Individuals in leadership positions who effectively support, guide, and motivate their team members to achieve organizational and personal goals.