What Is a Legal Entity with Its Own Rights and Responsibilities

question 57

Multiple Choice

What is a legal entity with its own rights and responsibilities separate from its shareholders who are not liable?

• A) association
• B) co-op
• C) general partnership
• D) corporation

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Definitions:

Short Text

A data type in databases designated for fields that contain letters, numbers, and characters, typically limited in length to a specified number of characters.

Field Size

The allocated space or number of characters allowed in a database field, determining the maximum amount of data it can hold.

Decimal Places

Refers to the number of digits shown to the right of the decimal point in numerical values, affecting how precisely numbers are represented.

Default Value

A value that a software or database field automatically assumes unless changed by the user.