A Corporation Can Best Be Described by Which of the Following

question 107

Multiple Choice

A corporation can best be described by which of the following statements?

• A) It cannot be sued.
• B) It is subject to federal laws only.
• C) It is a taxable entity.
• D) It cannot own land but can own buildings.

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Definitions:

House of Representatives

The lower chamber of the United States Congress, consisting of members who are elected based on population from each state to serve two-year terms.

Legislative

Legislative refers to the branch of government that has the authority to make, amend, and repeal laws.

Executive

The branch of government responsible for enforcing laws and administering public policy.

Judicial

Relating to the system of courts that interpret and apply the law in legal cases, or pertaining to judges and their activities.