What Is True About a Corporation

question 43

Multiple Choice

What is true about a Corporation?

• A) It is chartered by the state in which it is headquartered
• B) It dissolves when ownership changes
• C) Income and expenses are filed with the owner's personal income tax return
• D) In the eyes of the law, a corporation and owner are the same

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Definitions:

Deviant Behavior

Actions that diverge from the social norms and expectations of a particular society or community, which can be criminal or non-criminal.

Choice

Choice involves the act of selecting or making a decision among a set of alternatives, implying the freedom to decide.

Positivist Approach

a method in sociology that emphasizes the use of empirical evidence and scientific methods to understand and explain social phenomena.

Deviant Behavior

Actions that violate societal norms or expectations, which can vary widely among different cultures and communities.