Which of the Following Is a Characteristic of a Corporation

question 85

Multiple Choice

Which of the following is a characteristic of a corporation?

• A) Corporations are separate taxable entities.
• B) Lenders of a corporation do not have the right to claim the corporation's assets to satisfy their obligations.
• C) Corporations are subjected to less governmental regulation than other forms of businesses.
• D) Each stockholder has the authority to commit the corporation to a binding contract through his/her actions.

---

Definitions:

First Step

The initial action taken in a process or sequence of events.

Umbilicus

The medical term for the navel or belly button, which marks the area where the umbilical cord was attached.

Abdominal Subcutaneous

Refers to the injection or placement of substances into the subcutaneous layer in the abdominal area, often used for consistent absorption of medications.

Zone

An area or stretch of land having a particular characteristic, purpose, or use, or subject to particular restrictions.