A Corporation

question 217

Multiple Choice

A corporation:

• A) Is a legal entity separate and distinct from its owners.
• B) Is regulated by Canada Revenue Agency.
• C) Has shareholders who have unlimited liability for the acts of the corporation.
• D) Can only have two owners.
• E) Is not a legal entity.

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Definitions:

Index Funds

Mutual funds or exchange-traded funds that aim to replicate the performance of a specific market index by holding the same stocks in the same proportions.

Altruistic Behavior

Actions undertaken to help others with no direct benefit to the individual performing the actions, often at a cost to themselves.

Altruism

The belief in or practice of disinterested and selfless concern for the well-being of others.

Couples Therapy

A form of psychological therapy used to treat relationship distress for both individuals within the relationship.