Which of the Following Statements About a Corporation Is True

question 8

Multiple Choice

Which of the following statements about a corporation is true?

• A) A corporation is an entity separate from its members and shareholders but not its directors.
• B) A corporation is an entity separate from its members but not its shareholders or directors.
• C) A corporation is an entity separate from its members, shareholders and directors.
• D) A corporation is an entity separate from its shareholders but not its members or directors.

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Definitions:

Hedonism

A philosophical theory that pleasure or happiness is the highest good and ultimate goal of human life.

Pleasure

A feeling of happiness, enjoyment, or satisfaction derived from an experience that one finds enjoyable or fulfilling.

Intrinsically Good

Something that is valuable or virtuous in itself, not merely as a means to an end.

Stoicism

is an ancient Greek philosophy that teaches the development of self-control and fortitude as a means of overcoming destructive emotions.