Which of the Following Is True of a Corporation

question 1

Multiple Choice

Which of the following is true of a corporation?

• A)Stock of a corporation can be publicly or privately held.
• B)A corporation has to pay income taxes on its business earnings.
• C)A corporation has a limited life.
• D)The owners of a corporation have unlimited liabilities for the corporation's debts.

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Definitions:

Supply

The total amount of a product or service that is available to consumers at a given price level.

LCD Televisions

Television sets that use Liquid Crystal Display technology for their screens, offering advantages in terms of energy efficiency and slim profiles.

Producers

Individuals or companies that create goods or services for sale to consumers or other businesses.

Production

The process of creating goods or services by combining labor, capital, and natural resources to meet consumer demand.