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:

Union Organizing Drive

A union organizing drive is a campaign or effort carried out by workers and union organizers to form a new union or to recruit new members to an existing union in a workplace.

Legally

pertaining to the law or in accordance with the law; often used to specify actions or conditions that are sanctioned by law.

Initiated

refers to the act of starting or setting something in motion, often used in the context of projects, programs, or legal proceedings.

Voluntary Recognition Agreement

A legal agreement where an employer acknowledges a labor union as the representative of its employees without requiring a formal vote.