If a Group of People Act as If They Are

question 30

True/False

If a group of people act as if they are a corporation when in fact and in law they are not, they have the right to deny that the corporation exists.

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Definitions:

Altruistic Motives

Altruistic motives are actions or behaviors driven by the desire to help others without expecting personal gain.

Consumer Good

Goods that are produced for personal consumption by the general public.

Inelastic

Describing demand that is relatively unresponsive to changes in price.

Quantity Demanded

This is the total amount of a good or service that consumers want to buy at a specific price level, within a certain period.