Which of the Following Statements Is Correct

question 7

Multiple Choice

Which of the following statements is correct?

• A) Stockholders are legally liable for all the debt of a corporation.
• B) A corporation is a business that is legally owned by its employees.
• C) Corporations are legal entities that, in law, are treated as persons.
• D) Most large companies and many small companies in the United States are not corporations.

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Definitions:

Autonomy

The right or condition of self-government, or in a workplace context, the degree of freedom an employee has in their job.

Telecommuting

The practice of working from a remote location, often from home, using the internet, and telecommunications.

Personal Time

Personal time refers to the period designated for individual tasks or leisure, separate from work or professional obligations.

Promotion

The act of raising someone to a higher position or rank or the process of advertising a product, event, or service to increase sales or public awareness.