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:

AAMR/AAIDD

The American Association on Intellectual and Developmental Disabilities, previously known as the American Association on Mental Retardation, is an organization aimed at enhancing the quality of life for individuals with intellectual and developmental disabilities.

Intellectual Disability

A condition characterized by significant limitations in both intellectual functioning (such as learning, problem-solving, judgment) and in adaptive behavior, which covers a range of everyday social and practical skills, apparent before the age of 18.

Etiological Factors

Causes or contributing factors that lead to the development of a disease or psychological condition.

Autism Spectrum Disorder

Autism Spectrum Disorder is a developmental disorder characterized by difficulties in social interaction, communication, and by restricted and repetitive behavior patterns.