Which of the Following Is True of a Corporation

question 11

Multiple Choice

Which of the following is true of a corporation?

• A)A corporation is not a tax-paying entity for federal income tax purposes.
• B)A corporation does not have a life separate from its owners and its managers.
• C)A corporation has the ability to attract capital,more than the limited partnership.
• D)A corporation is owned by partners who have founded the business and have the right to manage it.

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Definitions:

School Records

Official documents containing a student's academic performance and personal information, maintained by educational institutions.

Graduated High School

The act of successfully completing the course of study at a high school, culminating in the receipt of a diploma.

Observational Study

Research methodology where the researcher observes subjects without manipulating any variables.

Experiment

A controlled procedure carried out to discover, demonstrate, or test a hypothesis, involving manipulation of variables to observe the effect on some phenomena.