Which of the Following Statements About the Status of Corporations

question 68

Multiple Choice

Which of the following statements about the status of corporations as juristic persons is true?

• A) The law has never made any distinction between the rights of natural persons and juristic persons
• B) Some critics argue that corporations, or juristic persons, should be stripped of the rights of natural persons
• C) Natural persons are acknowledged to have far more power than juristic persons
• D) Corporations have enjoyed no benefits from their status as juristic persons

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Definitions:

Demand

The desire for a particular product or service coupled with the ability and willingness to pay for it.

Perfectly Elastic

A situation in economics where the quantity demanded or supplied responds infinitely or vastly to any change in price.

Elasticity Measures

These are metrics used in economics to assess how the quantity demanded or supplied of a good changes in response to changes in price or other factors.

Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in the price of that good, with elasticity greater than one indicating a high responsiveness.