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:

Preset Time

A predetermined period set in a system or device before an action or process is initiated or completed.

Timer

"In relay-panel hardware, an electromechanical device that can be wired and preset to control the operating interval of other devices. In a programmable logic controller, a timer is internal to the processor; that is, it is controlled by a user-programmed instruction."

Processor

A processor, in a computing context, is a component within an electronic device that interprets and executes instructions, acting as the 'brain' of the system.

Masked Move Instruction

In programming, it refers to an operation that selectively modifies bits in a destination location, based on the pattern of bits in a given mask.