Which of the Following Is True of a Corporation

question 167

Multiple Choice

Which of the following is true of a corporation?

• A)A corporation cannot be privately held.
• B)The earnings of a corporation may be subject to double taxation.
• C)A corporation has a limited life.
• D)The stockholders of a corporation have unlimited liability for the corporation's debt.

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Definitions:

Recognizable Patterns

Observable and predictable sequences or arrangements in data, behavior, or events, which can be identified and often used for analysis or prediction.

Confirmation Bias

The tendency to search for, interpret, favor, and recall information in a way that confirms one's preexisting beliefs or hypotheses.

Values

Core beliefs or principles that guide behavior and decision-making within an individual or organization.

Assumptions

Beliefs or ideas taken for granted without verification.