Which of the Following Statements Describing a Corporation Is True

question 24

Multiple Choice

Which of the following statements describing a corporation is true?

• A) Shareholders are the creditors of a corporation.
• B) Shareholders own the business and manage its day-to-day operations.
• C) A corporation is subject to greater governmental regulation than a proprietorship or a partnership.
• D) When ownership of a corporation changes, the corporation terminates.

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Definitions:

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