Which of the Following Is One Defining Feature of Corporations

question 120

Multiple Choice

Which of the following is one defining feature of corporations?

• A) Corporations are taxed at the same rate as individuals.
• B) Corporations are taxed at a lower rate than individuals.
• C) Corporation owners are responsible for harms they cause.
• D) Corporation owners are responsible for debts the corporation accrues.

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Definitions:

Professionals

Are people with specialized knowledge acquired through extensive higher education. They enjoy a high degree of work autonomy and usually regulate themselves and enforce standards through professional associations.

Highly Regulated

Refers to sectors or activities governed by a comprehensive set of rules, standards, and supervision to ensure compliance and safeguard interests.

Internal Labor Markets

Employment systems within a company or organization where workers are hired and promoted based on criteria established internally rather than competing in an external job market.

Labor Market Shelters

Describes economic sectors or employment practices that protect workers from the harshness of the market, often through regulation or unionization.