Corporations Differ from Partnerships and Other Forms of Business Association

question 58

Multiple Choice

Corporations differ from partnerships and other forms of business association in two ways. One of these is that

• A) they are regulated by the Federal Trade Commission.
• B) they are formed simply by an agreement entered into among their members.
• C) they must be publicly registered or in some way officially acknowledged by the law.
• D) their shareholders are entitled to their share of the company's profits as soon as they are ascertained or determined.

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Definitions:

Cerebrum

The largest part of the brain, responsible for voluntary activities, sensory perception, thought, reasoning, and memory.

Caudate Nucleus

A structure within the brain involved in various processes such as voluntary movement coordination and learning.

Lateral Fissure

A deep groove on the surface of the brain separating the temporal lobe from the frontal and parietal lobes.

Cerebrum

The cerebrum is the largest part of the brain, responsible for cognitive functions such as thought, memory, and decision-making.