Which of the Following Is a Characteristic of a Corporation

question 128

Multiple Choice

Which of the following is a characteristic of a corporation?

• A)A corporation is owned by stockholders.
• B)Lenders of a corporation do not have the right to claim the corporation's assets to satisfy their obligations.
• C)All shares of a corporation must be held by a single individual.
• D)Each stockholder has the authority to commit the corporation to a binding contract through his actions.

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Definitions:

Unemployment

A macroeconomic condition where individuals who are willing and able to work are unable to find employment.

Cost Adjustment

The process of modifying an organization's cost structure through various strategies such as reducing expenses, improving efficiency, or restructuring operations.

Reduced Work Week

An employment arrangement that decreases the number of hours worked per week, often to improve work-life balance or increase productivity.

Voluntary Sabbaticals

A period of leave granted to employees, which is not mandated but chosen freely, often for personal or professional development purposes.