A Business Organized as a Corporation

question 15

Multiple Choice

A business organized as a corporation

• A)is not a separate legal entity in most provinces.
• B)requires that shareholders be personally liable for the debts of the business.
• C)is owned by its shareholders.
• D)has income tax disadvantages over a proprietorship or partnership.

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Definitions:

Journalistic Objectivity

The journalistic principle that aims to present news and information in a balanced, impartial, and unbiased manner, without letting personal opinions influence the coverage.

Social Positions

The relative standing or rank of individuals or groups in society, often determined by socio-economic factors, profession, or cultural influence.

Norms

Norms are the unwritten rules and standards of behavior that are accepted within a society or group, guiding members on expected conduct.

Commercial Success

Commercial success denotes the achievement of significant sales, revenue, or market share milestones by a product, service, or venture in its market.