Which of the Following Statements Below Is Correct About a Corporation

question 8

Multiple Choice

Which of the following statements below is correct about a corporation and a partnership?

• A)A partnership is comprised of two or more owners,whereas a corporation must have only one owner.
• B)A corporation is legally responsible for its own taxes and debts.
• C)Owners of both entities are legally responsible for the taxes and debts of the business.
• D)Both entities issue shares of stock to owners.

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Definitions:

Reflexive Self

The concept that individuals can reflect upon themselves, their thoughts, and their actions, as objects of their own thought.

True Self

The authentic, original, or genuine aspect of a person that represents their deepest beliefs, values, and desires.

Social Comparison

Process of comparing yourself to others who are similar to you, to measure your worth and value.

Facework

Using communication to maintain your own positive self-perception or to support, reinforce, or challenge someone else’s self-perception.