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:

Somatic Nervous System

Part of the peripheral nervous system associated with the voluntary control of body movements via skeletal muscles.

Nervous System

The network of nerve cells and fibers that transmits nerve impulses between parts of the body, responsible for coordinating bodily functions and responding to internal and external stimuli.

Neurotransmitter

A neurotransmitter is a chemical substance released at the end of a nerve fiber by the arrival of a nerve impulse, facilitating the transmission of impulses across a synapse to another nerve, muscle, or gland.

Neuron

A nerve cell that transmits nerve impulses as the basic functional unit of the nervous system.