Which of the Following Statements Is True of a Corporation

question 40

Multiple Choice

Which of the following statements is true of a corporation?

• A)Shareholders can be required to pay debts of the corporation.
• B)Shares of stock cannot be readily purchased and sold by investors on an organized stock exchange.
• C)Shareholders are authorized to sign contracts or make business commitments on behalf of the corporation.
• D)Corporations pay income tax on corporate earnings,and shareholders pay income tax on corporate dividends.

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Definitions:

Self-Regulatory Behaviors

Refers to the ability to regulate one's emotions, thoughts, and behaviors in accordance with long-term goals.

Play

Refers to engaging in activities for enjoyment and recreation rather than a serious or practical purpose, important for development and learning.

Correlated

When two or more variables are related in some way, with changes in one variable associated with changes in another.

Personal Spheres

Involve the distinct areas or aspects of an individual's life that are considered private and personal, often protected from external intrusion or scrutiny.