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.

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Definitions:

Seat Belt

A safety device in vehicles designed to secure the occupant against harmful movement that may result during a collision or a sudden stop.

Spontaneous Recovery

The reappearance of a previously extinguished conditioned response after a period of no exposure to the conditioned stimulus.

Crying

The act of shedding tears as a response to an emotional state, such as sadness, happiness, or pain.

Ignoring

A behavior management strategy where certain behaviors are deliberately not reinforced, with the aim of reducing or extinguishing them by not providing attention.