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:

Team Settings

The environment and conditions under which a group of people work together towards common goals.

Seven Steps

A reference to a specific process or methodology that is broken down into seven distinct stages for completion.

Collaborative Technology

Tools and platforms that facilitate cooperative work and communication among team members.

Shared Workspaces

Collaborative environments where individuals and teams can work together in a physical or virtual setting.