In the SOC Code 21-1012

question 8

Multiple Choice

In the SOC code 21-1012.00, which number represents the major group?

• A)21
• B)10
• C)12
• D)00

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Definitions:

Pierce the Corporate Veil

A legal concept where the courts set aside limited liability afforded by the corporation status to hold the shareholders personally liable for the corporation's debts and obligations.

Statutory Mandates

Legal requirements or orders enacted by a legislative body that must be followed by entities or individuals subject to its jurisdiction.

Corporate Business

An organization engaged in commercial, industrial, or professional activities, structured as a corporation providing limited liability to its owners.

Public Corporation

A company whose shares are publicly traded on a stock exchange and are owned by a wide range of investors.