A Business Organized as a Corporation

question 30

Multiple Choice

A business organized as a corporation

• A)is not a separate legal entity in most states.
• 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.

---

Definitions:

United States

A country in North America composed of 50 states, a federal district, five major self-governing territories, and various possessions, known for its significant cultural and economic influence globally.

Canada

A country in North America known for its vast landscapes, multicultural diversity, and as the second largest country by total area.

Paid Employment

Work for which an individual receives wages, salary, or other forms of financial compensation.

Canadian Women

Females who are citizens of Canada, known for their diverse contributions to the country's culture, society, and history.