Which of the Following Is True About a Corporation

question 142

Multiple Choice

Which of the following is true about a corporation?

• A) It combines the advantages of the other forms-sole proprietorship, partnership, and limited liability corporation.
• B) Only a for-profit business can be registered as a corporation.
• C) It exists separately from its owners.
• D) For tax purposes, it functions as a partnership.
• E) For liability purposes, it functions as a partnership.

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Definitions:

Peripheral Vascular Disease

A circulatory condition in which narrowed blood vessels reduce blood flow to the limbs, leading to symptoms such as pain, numbness, and in severe cases, tissue death.

Latex Allergy

An allergic reaction to certain proteins present in natural rubber latex, often evident through symptoms like itching, redness, and swelling.

Respiratory Rate

The number of breaths taken per minute, an important vital sign that can indicate the body's respiratory and overall health status.

Newborn

A newborn refers to an infant in the first few hours to weeks of life, undergoing significant physiological adaptations after birth.