Which of the Following Is Not True of a Corporation

question 98

Multiple Choice

Which of the following is not true of a corporation?

• A) It may enter into binding legal contracts in its own name.
• B) It may sue and be sued.
• C) The acts of its owners bind the corporation.
• D) It may buy, own, and sell property.

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Definitions:

Stockholders

Individuals or entities that own shares in a corporation, giving them a claim on part of the company's assets and earnings.

Culturally Diverse

Being culturally diverse refers to an environment or society inclusive of multiple cultural traditions, backgrounds, and practices, which is often seen as enriching and beneficial for collective growth and learning.

U.S. Workforce

The population of working individuals in the United States, including both employed and unemployed persons actively seeking work.

Corporate Culture

The shared values, beliefs, attitudes, and norms that characterize an organization, influencing its people and management style.