Which of the Following Statements Is True

question 24

Multiple Choice

Which of the following statements is true?

• A)A company can own property and sue and be sued in its own name.
• B)A company is separate from its owners and employees.
• C)A company is an association of persons formed to finance a business.
• D)All of the above.

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Definitions:

Supreme Court

The United States' top federal judiciary body, made up of nine members, with supreme authority over all other national courts.

Dual Federalism

The political arrangement in which state governments and the federal government exercise exclusive and separate powers, as opposed to sharing authority or collaborating on decisions.

Cooperative Federalism

A concept of federalism wherein national, state, and local governments work together to solve problems and create policies.

Federal System

A form of government in which power is divided between a central authority and several regional or state governments.