Which of the following statements is false?
A) Most small shareholders who do not attend the corporation's annual meeting, can cast their vote by proxy card.
B) Some corporations are evaluated by application to a specific provincial government.
C) Some corporations are evaluated by application to the federal government.
D) Corporations do not limit the liability of its owners.

Question

Quizplus · Accepted Answer

Corporations typically limit the liability of their owners, meaning that shareholders are not personally responsible for the corporation's debts beyond their investment in the corporation. This is one of the primary advantages of the corporate form of organization.

Which of the Following Statements Is False