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What Is a Corporation

Question 13

Multiple Choice

What is a corporation?


A) A legal (as opposed to physical) person that has the same economic rights as a physical person but that is also composed of shareholders who are liable only up to the amount of their personal investments
B) A legal (as opposed to physical) person that has the same economic rights as a physical person but that is also composed of shareholders who are liable for all credits and deficits of the entity
C) A legal (as opposed to physical) person that has the same social rights as a physical person but that is also composed of shareholders who are liable only up to the amount of their social capital investments
D) None of the above

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