Which of the Following Statements Is TRUE

question 40

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:

Great Britain and France

Two influential European countries with long histories of cultural, economic, and political interplay, contributing significantly to global developments through centuries.

Diplomatic Relations

The formal interactions between sovereign states, including the exchange of ambassadors and the negotiation of treaties.

Non-aggressive Policy

A strategy or approach that avoids direct confrontation or conflict.

Trade with Great Britain

The exchange of goods, services, and capital between Great Britain and other countries, historically significant for its impact on global trade patterns.