A Business Organized as a Corporation

question 124

Multiple Choice

A business organized as a corporation

• A)is not a separate legal entity in most states.
• B)requires that stockholders be personally liable for the debts of the business.
• C)is owned by its stockholders.
• D)terminates when one of its original stockholders dies.

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Definitions:

Medical Terminology

The specific language or vocabulary used by healthcare professionals to accurately describe the body, its functions, and the procedures performed on it.

Administrative Skills

A set of abilities related to managing tasks, organizing files, and effectively handling daily office operations.

Business Affairs

The operational activities, decisions, and responsibilities related to the management of a company.

Practice

The regular exercise or performance of an activity or skill to acquire or maintain proficiency in it.