A Corporation

question 30

Multiple Choice

A corporation:

• A)Is a legal entity separate and distinct from its owners.
• B)Must have many owners.
• C)Has shareholders who have unlimited liability for the acts of the corporation.
• D)Is the same as a limited liability partnership.
• E)Does not have to pay taxes.

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Definitions:

Social Facilitation Theory

The theory that the presence of others enhances the performance on simple tasks but may impair performance on complex tasks.

Polarized Positions

Situations or opinions that are drastically divided between two extremes, with little to no middle ground or compromise.

Social Comparison Theory

The theory that people come to know themselves partly by comparing themselves with similar others.

Terror Management Theory

A psychological theory suggesting that an awareness of death can evoke existential terror, which individuals manage through cultural beliefs and values that give life meaning.