Corporations May Sue and Be Sued in the Name of the Business

question 272

True/False

Corporations may sue and be sued in the name of the business itself.

---

Definitions:

Break-even

The point at which total revenues equal total costs, resulting in no profit or loss.

Sales Dollars

The total revenue a company generates from sales activities before any expenses are deducted.

Common Fixed Expenses

Expenses that do not change with the level of production or sales and are shared by different segments or products of a company.

Manufacturing Overhead

All indirect costs associated with manufacturing, including but not limited to utility costs, depreciation, and salaries of maintenance personnel.