Which of the Following Statements Is TRUE

question 27

Multiple Choice

Which of the following statements is TRUE?

• A)The process for bringing a corporation into existence in Canada is essentially the same as for bringing a sole proprietorship or partnership into existence.
• B)Corporations have the same legal characteristics as sole proprietorships.
• C)Corporations may be subject to the same licensing requirements as sole proprietorships and partnerships.
• D)Just like partners and sole proprietors, shareholders are entitled to participate in the management of the business.
• E)The taxation of corporations and partnerships is the same.

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Definitions:

Random Assignment

A method used in experiments to allocate participants to different groups purely by chance, minimizing preexisting differences.

Health

The state of complete physical, mental, and social well-being, not merely the absence of disease or infirmity.

Alcohol Users

Individuals who consume alcoholic beverages, either occasionally or regularly.

Nonusers

Individuals who do not use or participate in a specific service, product, or substance, in contrast to those who are active users.