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.

---

Definitions:

Roadside Coffee Pot

A portable device or setup used for brewing coffee by the roadside, particularly handy during travels or outdoor activities.

Political Corruption

The unlawful misdirection of governmental resources or actions that occurs when government officials abuse their entrusted powers for personal gain.

Governmental Resources

Assets, both financial and material, that are owned or controlled by the government.

Bureaucratic Inefficiency

The occurrence of delays, excessive costs, or lack of responsiveness within an organization or government, often due to complex procedures and red tape.