Which of the Following Is True About a Corporation

question 109

Multiple Choice

Which of the following is true about a corporation?

• A)Corporations must have a minimum of two or more shareholders.
• B)Each individual shareholder has individual legal responsibility for the corporation's actions.
• C)Corporations are exempt from taxes; however,the shareholders are required to pay taxes on dividends received.
• D)Managers of corporations can be held responsible for the actions of the corporation.

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Definitions:

Incidental Learning

Learning that happens unintentionally or without the goal of acquiring specific knowledge, occurring as a secondary aspect of a primary activity.

Organizational Buying Process

The Organizational Buying Process is the series of steps and decision-making criteria that businesses and institutions use to evaluate and purchase products or services for operational needs.

Prospect Theory

A behavioral economic theory that describes how people decide between probabilistic alternatives that involve risk.

Problem Recognition

The initial step in the consumer decision process, where a consumer identifies a need or problem that requires a solution or purchase.