In the State in Which the Business Is Incorporated, It

question 127

Multiple Choice

In the state in which the business is incorporated, it is known as a _____.

• A) S-corporation
• B) resident corporation
• C) public corporation
• D) foreign corporation
• E) domestic corporation

---

Definitions:

Federal Deposit

Funds deposited in a federal bank or a financial institution that is guaranteed by a government agency.

Insurance Program

A system of protection against financial loss in which risks are pooled and financial compensation is provided to members facing losses.

Congestion Pricing

A pricing strategy that charges users fees for accessing certain areas during peak times to reduce traffic congestion.

Crowded Roadways

Refers to roads or highways that are filled with vehicles, often leading to slow movement and increased travel time.