Which of the Following Statements Is a Defining Feature of a Corporation

question 16

Multiple Choice

Which of the following statements is a defining feature of a corporation?

• A)The owners of a corporation face unlimited liability on debts.
• B)A corporation owns and operates units in foreign countries.
• C)A corporation is created by a verbal agreement.
• D)A corporation that is based on a verbal agreement is also recognized by State law.
• E)A corporation has a legal identity that is separate from that of its owners.

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Definitions:

Center Tapped Transformer

A transformer with a connection point (tap) in the middle of the secondary winding, which allows for splitting the output voltage into two parts, each half of the full voltage.

Voltage

An electrical measurement that represents the difference in electric potential energy between two points in a circuit.

Ladies Association

Women's groups, often historical, dedicated to philanthropy, social reform, or supporting a particular cause or community need through volunteerism and fundraising.

Esther Reed

An American Revolutionary War figure known for organizing women to provide support for soldiers, highlighting the role of women in the war effort.