A Business Organized as a Corporation

question 20

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)has tax advantages over a proprietorship or partnership.

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Definitions:

Craft

The exercise of skill and creativity in making things by hand, often resulting in unique or specialized items.

Catchy

Referring to something memorable and appealing, often used to describe tunes, slogans, or phrases that easily stick in one's mind.

Visuals

Graphical elements such as charts, graphs, images, and videos, used to represent information or concepts in a way that is easy to understand.

Routine Information-Request

A standard inquiry made to obtain regular or expected information without necessitating special handling.