A Corporation with One Person Who Is the Only Shareholder,officer,and

question 60

True/False

A corporation with one person who is the only shareholder,officer,and director will have its corporate veil pierced,making that person personally liable for all the obligations of the dominated corporation.

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Definitions:

Wording Effects

The influence that the choice of words has on the recipient's reaction and understanding.

Welfare

Government programs designed to assist individuals and families in need to ensure a minimum standard of living and financial security.

Aid to the Needy

Assistance programs aimed at providing financial, food, medical, or other forms of support to individuals or communities in need.

Representative Sample

A representative sample is a subgroup of a population selected for research, which accurately reflects the characteristics of the larger group, ensuring the results are generalizable to the broader population.