A Corporation Is Responsible for Its Own Acts and Debts

question 182

Short Answer

A corporation is responsible for its own acts and debts because it is considered a__________ .

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Definitions:

Strategic Management

The process of formulating, implementing, and evaluating cross-functional decisions that enable an organization to achieve its objectives.

Future Planning

The process of setting goals and outlining strategies and actions to achieve those goals, considering predictions about future conditions and challenges.

Unrelated Diversification

A growth strategy where a business expands into areas that are different from its core operations.

Business Areas

are distinct segments within a company, focusing on specific tasks or markets, such as finance, marketing, or product development.