Which of the following is TRUE of a corporation?

A) A corporation cannot be privately held.
B) The earnings of a corporation may be subject to double taxation.
C) A corporation has a limited life.
D) The stockholders of a corporation have unlimited liability for the corporation's debt.


B) The earnings of a corporation may be subject to double taxation.

Business

You might also like to view...

Consumers often choose and use brands that have a brand personality consistent with how they see themselves, also known as the ________

A) actual self-concept B) ideal self-concept C) others' self-concept D) prohibitive self-concept E) suggestive self-concept

Business

Which of the following would a consumer be most likely to consult just before making a purchase decision?

A) television B) a directory C) out-of-home media D) radio E) branded entertainment

Business

Failure of a party to perform an obligation in a sales or lease contract is known as ________

A) revocation B) breach C) acceptance D) replevin

Business

Under the Constitution Act, the federal government and the Provincial legislatures both have the power to make laws concerning matters of common interest across Canada

Indicate whether the statement is true or false

Business