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.

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Definitions:

Spirogyra

A genus of filamentous green algae known for its spiral chloroplasts, commonly found in freshwater environments.

Chloroplasts

organelles found in plant cells and some algae that conduct photosynthesis, converting light energy into chemical energy stored in ATP and NADPH.

Spiral

A curve that winds around a fixed center point at a continuously increasing or decreasing distance from the point.

Spirogyra

A genus of filamentous green algae known for its spiral chloroplasts and its role in freshwater ecosystems.