Which of the following best defines a corporation?

A) It is an entity created and authorized by federal law that raises capital by issuing stock to limited partners.
B) It is an entity created and authorized by state law that raises capital by issuing stock to investors, who own the corporation.
C) It is an entity created and authorized by federal law that raises capital by issuing stock to investors, who own the corporation.
D) It is an entity created and authorized by state law that raises capital by issuing stock to limited partners.


B

Business

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Which type of retailer is much larger than a regular supermarket and offers a large assortment of routinely purchased food products, nonfood items, and services?

A) discount stores B) specialty stores C) factory outlets D) superstores E) off-price outlets

Business

A service provider takes great care in creating a certain look for her storefront, selecting specific colors, lighting, and furnishings to create an inviting atmosphere. In doing so, the service provider is focused on ________ factors

A) operational B) credence C) locational D) environmental E) supply

Business

The Family Support Act provides for the automatic wage withholding of child support payments from a noncustodial parent's income

Indicate whether the statement is true or false

Business

Nicholas and Holly are partners in a toymaking shop. If Rudolph obtains a judgment against Nicholas for injuring Rudolph while Nicholas was on partnership business, Rudolph must try to collect from the partnership before going after Nicholas' personal assets

a. True b. False Indicate whether the statement is true or false

Business