A Corporation Acts Under Its Own Name Rather Than in the Name

question 74

True/False

A corporation acts under its own name rather than in the name of its shareholders.

---

Definitions:

Cheap Labor

Workforce employed at very low wages, often under poor conditions, typically in reference to industries or countries exploiting workers for economic gain.

Greater Mobility

The increased capacity or ease of movement, often related to advancements in transport, technology, or social mobility.

Nuclear Family

A fundamental social unit consisting of a parent or parents and their children, considered a central building block of larger societal structures.

Extended Family

Two or more closely related nuclear families clustered together in a large domestic group.