Which of the Following Statements Is True of a Corporation

question 131

Multiple Choice

Which of the following statements is true of a corporation?

• A)Corporations pay the same variety of taxes as other forms of business.
• 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:

Procedural Justice

The fairness in the processes that resolve disputes and allocate resources, emphasizing transparency, and consistency in the procedures.

Job Evaluation

A systematic process of determining the relative worth of jobs to establish which jobs should be paid more than others within an organization.

Employees' Perceptions

The way employees view or interpret actions, policies, and the environment of their workplace.

Nonexempt

Refers to employees who are covered by the minimum wage and overtime provisions of the Fair Labor Standards Act (FLSA).