Which of the Following Statements Is True of a Corporation

question 102

Multiple Choice

Which of the following statements is true of a corporation?

• A)The liabilities of a corporation can be paid by the personal assets of the shareholders.
• B)Corporate shares of stock cannot be readily bought and sold by investors on the open market.
• C)Shareholders are authorized to sign contracts or make business commitments on behalf of the corporation.
• D)Corporations pay income tax on corporate earnings,and shareholders pay personal income tax on corporate dividends and gains from sale of stock.

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Definitions:

Lysozyme

An enzyme found in many tissues and in tears and other body fluids; attacks the cell wall of many gram-positive bacteria.

Innate Immunity

See innate immune responses.

Phagocytosis

Phagocytosis is a cellular process wherein cells engulf and digest large particles or microorganisms, playing a key role in the immune response.

Immunological Memory

The ability of the immune system to remember antigens after contact with them, allowing more rapid response if it encounters the same antigens again. Memory B cells and memory T cells are responsible for immunological memory.