A Corporation Is a Separate Legal Entity Capable of Owning

question 42

True/False

A corporation is a separate legal entity capable of owning property, contracting, and being sued in its own name.

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Definitions:

Ethical

Pertaining to or dealing with morals or the principles of morality; pertaining to right and wrong in conduct.

Socially Responsible

Committed to acting in ways that benefit society and the environment, beyond the minimum legal requirements.

Customer Goodwill

The favor and loyalty a business acquires from customers through positive experiences and satisfaction.

Stakeholder Orientation

A business approach that prioritizes the interests and well-being of all relevant stakeholders, including customers, employees, and the community.