Which of the Following Is True with Regard to the Characteristics

question 146

Multiple Choice

Which of the following is true with regard to the characteristics of corporations?

• A) The corporation is a separate legal person, but can neither sue nor be sued.
• B) Directors are responsible for the shareholders of the corporation.
• C) Shareholders are liable for the debts and other obligations of the corporation.
• D) A shareholder's liability is limited to the amount he or she paid for the shares.
• E) The shareholders would be vicariously liable for any damage caused by an employee of the corporation carrying out his or her duties.

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Definitions:

Union Pension Funds

Retirement fund pools managed by labor unions on behalf of their members, providing benefits upon retirement based on the collective contributions and investments.

Corporate Strategies

Plans or methods implemented by corporations to achieve specific business goals, including growth, market expansion, and competitiveness.

Investment Strategies

Plans or approaches designed to allocate financial assets in a way that achieves financial goals.

Social Agenda

A set of priorities or objectives set by an organization or government, focusing on social issues such as welfare, health, and social justice.