What Does the Term "Denominator" Refer To

question 10

Multiple Choice

What does the term "denominator" refer to?

• A) The number by which a fraction is divided during reducing
• B) The number located on the top of a fraction
• C) The number of equal parts into which something is divided
• D) The number of parts of something that are being considered

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Definitions:

De Facto Corporation

A business entity that operates as if it were a corporation although it has not completed the legal formalities for incorporation, and may be treated as a corporation by courts.

De Jure Corporation

A corporation that has fully complied with all legal requirements for its establishment, and thus has legal recognition.

Corporation by Estoppel

A legal doctrine that prevents a party from denying the corporation's existence if they have dealt with it as if it were a legal corporation.

Subchapter S Corporation

A form of corporation in the United States that is taxed under Subchapter S of the Internal Revenue Code, allowing profits to be taxed at the shareholder level rather than at the corporate level.