True or False:

There is no double taxation that transpires in any corporation during the distribution of dividends shareholders.

True or False:

The greatest risk of being a sole proprietor is unlimited liability since there is no separate legal entity for business and owners.

True or False:

A corporation is treated as a person, separate and distinct from its owners.

True or False

One of the objective of corporation is the provision of goods and services to its members to provide them well income, savings, investments, and productivity.

Partnership business comes under provincial jurisdiction, and must be duly registered with their provincial trade office.

True or False

A corporation business structure follows “one member- one vote,” policy which offers open and voluntary membership and patronage dividends.

True or False

A juridical person does not acquire rights similar to that of a natural person.

True or false:

One of the utmost benefits of partnership is freedom from government regulation.

True or False

An industrial partner is responsible for all legally bind the business and is personally liable for all the business's debts and obligations.

True or False

Limited partners are partners who invest skills or industry in the business rather than capital.

True or False

General partner has limited liability and cannot make decision for the day to day activity of the business.

True or False

Fishermen cooperative is structured to help marginalized fishermen to market or fish processed products.

True or False

A corporation with a single stockholder is considered One Stockholders Corporation

True or False

Owners of corporation are called Stakeholders