
Corporations
Authored by Stephanie Miller
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15 questions
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1.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Which of the following is NOT a corporation?
2.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Why are corporations so important to the economy?
3.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
A corporation is a business organization that is legally ______________ from it owners.
4.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
When a business decides to incorporate they have to secure a _________ from the state government, establishing the existence of that new and separate legal entity.
5.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
What does it mean when they say that a corporation is a legal "person"?
6.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
What is a corporation?
A business that is legally separated from its owners
A business that is owned by one person
A business that is owned by two or three people
7.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
A corporation can do all of the following EXCEPT:
Enter into contracts
Loan & borrow money
Hire employee
Own assets
A corporation can do ALL of the options listed
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