The Distinguishing Feature of a Corporation Is That

question 12

Multiple Choice

The distinguishing feature of a corporation is that:

• A)their is no legal difference between the corporation and its owners.
• B)it is a legally defined,artificial being,separate from its owners.
• C)it spreads liability for its corporate obligations to all shareholders.
• D)provides limited liability only to small shareholders.

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Definitions:

Lean Operations

A management philosophy aimed at minimizing waste within manufacturing systems while simultaneously maximizing productivity.

Toyota Production System

A highly efficient and flexible production system developed by Toyota that focuses on eliminating waste and increasing quality.

TPS

Toyota Production System, a highly influential production philosophy focused on eliminating waste, improving productivity, and achieving efficiency in manufacturing.