The Group Has the Greatest Power, but Not Necessarily the Greatest

question 47

Short Answer

The group has the greatest power, but not necessarily the greatest numbers.

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Definitions:

Transact Business

Transact Business refers to the conduct of commercial, professional, or other routine operations between parties.

Piercing the Corporate Veil

A legal decision to treat the rights or duties of a corporation as the rights or liabilities of its shareholders, essentially ignoring the corporation's separate legal personality.

Sole Stockholder

A single individual or entity that owns 100% of the shares of a corporation.

Corporate Entity

A corporate entity is a company or group that is authorized to act as a single entity and recognized as such in law, separate from its shareholders.