A Business Organized as a Corporation

question 151

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) terminates when one of its original shareholders dies.

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Definitions:

Unethical

Actions or behavior that violate moral or professional norms, often associated with fairness, honesty, or respect for others.

Conditioned Stimulus

A previously neutral stimulus that, after being repeatedly associated with an unconditioned stimulus, starts to elicit a conditioned response.

Self-Esteem

An individual’s general feeling of self-worth.

Internal Locus Of Control

A psychological concept indicating that individuals believe they have control over the outcomes of events in their lives, as opposed to external forces.