A Legal Entity Owned by Stockholders Whose Liability Is Limited

question 196

Multiple Choice

A legal entity owned by stockholders whose liability is limited to the value of their stock ownership is known as a(n) :

• A)Sole proprietorship
• B)Partnership
• C)Corporation
• D)Nonprofit organization
• E)Producer cooperatives

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Definitions:

Polygraph

A device that measures and records several physiological indices such as blood pressure, pulse, respiration, and skin conductivity while the person is asked and answers a series of questions.

Physiological Functioning

Refers to the normal operation of physical and biological processes in living organisms.

Drive-Reduction Theory

A concept in psychology that explains motivation as a mechanism to reduce an internal state of tension caused by unmet needs.

Drives

Basic, biological impulses that motivate behavior, such as hunger or thirst, pushing organisms to fulfill their needs.