Which of the Following Statements Is a Defining Feature of a Corporation

question 16

Multiple Choice

Which of the following statements is a defining feature of a corporation?

• A)The owners of a corporation face unlimited liability on debts.
• B)A corporation owns and operates units in foreign countries.
• C)A corporation is created by a verbal agreement.
• D)A corporation that is based on a verbal agreement is also recognized by State law.
• E)A corporation has a legal identity that is separate from that of its owners.

Relate the concept of opportunity cost to production and service outsourcing decisions.

Define the scope of economics and its application to decision-making and resource allocation.

Recognize the impact of information availability on market operations and efficiency.

Analyze the financial implications of educational investments and choices.

---

Definitions:

Deep Water

Areas of the ocean or sea that are significantly far from land and shallow waters, often characterized by different ecological and physical conditions.

Deep Water Conditions

Environmental conditions found in water bodies at significant depths, where sunlight penetration is minimal and pressures are high.

Resistant to Erosion

A property of materials that are able to withstand the forces of erosion, such as wind, water, and ice.

Evaporated

The process by which water changes from a liquid to a vapor or gas due to heat without reaching boiling point.