A Corporation Possesses All but One of the Following Characteristics

question 108

Multiple Choice

A corporation possesses all but one of the following characteristics.Which of the following is NOT a characteristic of a corporation?

• A) If a corporation cannot pay its debts, lenders can take the owners' personal assets to satisfy the obligations.
• B) A corporation is a distinct entity in the eyes of the law.
• C) Corporation ownership is divided into shares of stock.
• D) A corporation is owned by shareholders or stockholders.

---

Definitions:

High Need for Power

Refers to individuals who have a strong desire to influence, control, or command over others.

Ethical

Pertaining to or dealing with morals, the principles of morality pertaining to right and wrong conduct.

Older People

This term relates to individuals who are in the later stage of their life, typically regarded as being from the retirement age onwards.

Young People

Refers to individuals in their late childhood to early adulthood, often considered in terms of their potential for growth, learning, and engagement with society.