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

---

Definitions:

Building Model

The process of creating a mathematical, statistical, or computational representation of a real-world scenario for the purpose of analysis or prediction.

Logistic Regression

A statistical method used for predicting a binary outcome from a set of independent variables.

Odds Ratio

A statistic that quantifies the strength of the association between two events, typically used in case-control studies.

Probability

A numerical expression ranging from 0 to 1 that indicates the probability of an event taking place.