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.

---

Definitions:

Fibrocartilage

A type of tough, dense, and supportive cartilage that contains collagen fibers, found in areas such as intervertebral discs and menisci.

Nose

External structure of the respiratory system that is involved in the process of ventilation.

Neuroglial Cells

Supportive cells in the nervous system that do not conduct electrical impulses but play key roles in providing support and protection for neurons.

Neurons

Nerve cells that transmit information through electrical and chemical signals, serving as the basic building blocks of the nervous system.