For a Business to Be Considered a Corporation

question 131

Multiple Choice

For a business to be considered a corporation:

• A)its stock must be sold in very large amounts.
• B)it must be organized as a separate legal entity.
• C)it must issue both common and preferred stock.
• D)it must pay dividends.

---

Definitions:

National Health Insurance

A system intended to insure all citizens against financial risks of medical expenses, often funded through taxation or mandatory insurance contributions.

Socialist

A political and economic theory advocating for public or collective ownership and administration of the means of production and distribution of goods.

Self-Government

The principle or system whereby local or smaller communities govern themselves, rather than being governed by external forces.

European Allies

Refers to countries in Europe that are aligned with each other or with another country, often through formal agreements, for mutual benefit or to achieve common goals.