Which of the Following Is True About the Creation of a Corporation

question 28

Multiple Choice

Which of the following is true about the creation of a corporation?

• A) It is created under federal law.
• B) It created under state law.
• C) The formal application for a corporate charter is called the articles of association.
• D) It is regulated only by local statutes.
• E) Corporations are inexpensive to form.

---

Definitions:

Inflated Estimates

Overestimations or exaggerated perceptions of the likelihood or magnitude of events, often influenced by cognitive biases.

Placebo Effect

The beneficial effect on a patient's health resulting from their belief in the effectiveness of a treatment that has no therapeutic value.

Therapeutic Alliance

The collaborative and trusting relationship that develops between a therapist and client, which can be a critical factor in the client's recovery process.

Empathic Therapist

A mental health professional who possesses the ability to understand and share the feelings of their clients, enhancing the therapeutic relationship.