Which of the Following Is a Characteristic of a Corporation

question 133

Multiple Choice

Which of the following is a characteristic of a corporation?

• A)A corporation is owned by stockholders.
• B)Lenders of a corporation do not have the right to claim the corporation's assets to satisfy their obligations.
• C)All shares of a corporation must be held by a single individual.
• D)Each stockholder has the authority to commit the corporation to a binding contract through his/her actions.

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Definitions:

Cultural Diversity

The existence of a variety of cultural or ethnic groups within a society, celebrated for enriching the social fabric.

Western Mass Media

Media outlets originating in the Western world, including television, radio, newspapers, and the internet, that can influence public opinion and cultural norms.

Globalization

The method through which individuals, businesses, and governments across the globe communicate and merge.

Industrialized Nations

Countries that have undergone industrialization, characterized by significant economic growth through the development of manufacturing and services industries.