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

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Definitions:

Bystander Apathy

The phenomenon where individuals are less likely to offer help to a victim when other people are present.

Cognitive Dissonance

A psychological phenomenon where an individual experiences discomfort or distress from holding two or more contradictory beliefs, values, or ideas simultaneously.

Psychologically Inconsistent

A state or condition where an individual's thoughts, feelings, or behaviors are not in harmony or alignment.

Responsibility

The state or fact of having a duty to deal with something or of having control over someone.