A Corporation Is

question 3

Multiple Choice

A corporation is .

• A)an entity that is organized according to state or federal statutes and in which ownership is divided into shares of stock
• B)an entity that is owned by an individual
• C)an entity which has unlimited liability to creditors for the debts of the company
• D)an entity which has limited access to capital

Understand basic salary plus commission calculation.

Analyze commission-only payment structures.

Solve problems involving graduated commission plans.

Calculate total costs with additional fees and commissions.

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Definitions:

Pharynx

A muscular tube that connects the mouth and nasal passages with the esophagus and larynx, serving both respiratory and digestive functions.

Larynx

The voice box located in the neck that contains the vocal cords; involved in breathing, producing sound, and protecting the trachea.

Epiglottis

A flap of cartilage located at the base of the tongue that prevents food and drink from entering the windpipe during swallowing.

Thyroid

The thyroid is a butterfly-shaped gland located in the neck, below the Adam's apple, producing hormones that regulate the body's metabolic rate, heart and digestive function, muscle control, brain development, and bone maintenance.