Which of the Following Statements Is Correct

question 96

Multiple Choice

Which of the following statements is correct?

• A)Shareholders have personal liability for a corporation's debts.
• B)Shareholders must obtain the consent of other shareholders to sell their shares or buy more shares.
• C)Limited liability partnership (LLP)partners have liability for their own actions and the actions of those under their control or supervision.
• D)Shareholders are legally prohibited from acting as an officer or employee of a corporation.

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Definitions:

Supply

Refers to the total amount of a specific good or service that is available to consumers.

Excess Supply

A scenario in which the supply of a good or service available from sellers surpasses what buyers want to purchase at the existing price.

Price Of Burritos

The amount of money required to purchase a burrito, often influenced by factors like ingredients cost, demand, and location.

Demand Shifts

Movements of the demand curve to the left or right, indicating a change in the quantity demanded at every price.