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.

---

Definitions:

Confidence Interval Estimate

A scope of values, sourced from sampling, anticipated to encapsulate the value of an unidentified population statistic.

Prediction Interval

A range of values that is likely to contain the value of an unknown parameter for future observations.

Expected Value

The anticipated value of a variable, computed as the sum of all possible values each multiplied by the probability of its occurrence, used in probability and statistics.

Confidence Interval Estimate

A spectrum of values, drawn from sample statistics, projected to embrace the value of an undefined population measure.