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:

Stomach Discomfort

A general term used to describe pain or discomfort in the abdominal area.

Bowel Movement

The process of excreting waste from the digestive tract through the rectum and anus; a key indicator of digestive health.

Dinner Tray

A flat surface or container used for carrying meals and utensils, often used in hospitals, airplanes, or fast-food restaurants.

Wound Healing

The process by which the skin or other body tissue repairs itself after injury, involving various stages from clot formation to tissue remodeling.