Which of the Following Statements About the Operation of a Corporation

question 19

Multiple Choice

Which of the following statements about the operation of a corporation is correct?

• A) A corporation receives its charter from a state government.
• B) A corporate charter automatically expires in 99 years and must be renewed if the corporation wants to remain in business.
• C) Owners of a corporation have unlimited liability for any claims against their company.
• D) A corporation tends to be much easier to set up than a sole proprietorship or partnership.

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Definitions:

Previous Experience

Refers to past events or knowledge that an individual has acquired, which can influence their current behavior and understanding.

Inoculation

A preventive strategy, often in the form of a vaccine, to protect against infectious diseases.

Dental Work

Medical procedures and treatments involving the teeth and gums, including fillings, extractions, cleanings, and orthodontics.

Stress

A physical or psychological response to external stimuli that are perceived as challenging or threatening to an individual's well-being.