Which of the Following Statements Is True of a Corporation

question 40

Multiple Choice

Which of the following statements is true of a corporation?

• A)Shareholders can be required to pay debts of the corporation.
• B)Shares of stock cannot be readily purchased and sold by investors on an organized stock exchange.
• C)Shareholders are authorized to sign contracts or make business commitments on behalf of the corporation.
• D)Corporations pay income tax on corporate earnings,and shareholders pay income tax on corporate dividends.

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Definitions:

Generation X

A demographic cohort following the baby boomers and preceding Generation Y, typically born between the mid-1960s and early 1980s.

Benevolent Sexism

A form of sexism that is seemingly positive or benevolent but actually reinforces traditional gender roles and stereotypes.

Hostile Sexism

A form of sexism characterized by overt negative attitudes and stereotypes about a gender, typically directed toward women.

Traditional Women

A term usually referring to women who adhere to cultural, societal, or familial norms regarded as classic or conservative.