Which of the Following Statements Is True of a Corporation

question 19

Multiple Choice

Which of the following statements is true of a corporation?

• A) Corporations pay the same variety of taxes as partnerships.
• B) Although a corporation is a separate legal entity, it cannot be sued.
• C) Any stockholder of a corporation can commit the corporation to a binding contract.
• D) The owners of a corporation are called stockholders.

---

Definitions:

Gender Socialization

The process by which individuals learn and internalize the roles, behaviors, and attributes that a society considers appropriate for their gender.

Hot Wheels

A brand of die-cast toy cars introduced by American toy maker Mattel in 1968, known for their detailed designs and wide variety of models.

Agent Of Socialization

A person, group, or institution that plays a critical role in integrating individuals into the broader society by teaching them its norms, values, and customs.

Secondary School

An educational institution for students typically aged between 11 to 18, providing intermediate education between primary school and higher education.