Which of the Following Statements About a Corporation Is NOT

question 41

Multiple Choice

Which of the following statements about a corporation is NOT true?

• A)A corporation can sue and be sued.
• B)A corporation has perpetual succession.
• C)There are onerous administrative and reporting requirements.
• D)Share transfer requirements are complex.

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Definitions:

Declining Industries Argument

The declining industries argument posits that sectors experiencing a sustained decrease in demand or productivity require intervention or support, often invoking protectionist measures to safeguard employment and regional economies.

Imported Steel

Steel that is produced in one country and brought into another for use in manufacturing or construction.

Wage Subsidies

Financial incentives provided by governments to employers to encourage the hiring of certain groups of people, reducing unemployment.

Tariffs

Taxes imposed by a government on imported goods to protect domestic industries or to raise revenue.