A corporation ________.
A)is a legal entity separate from the owners
B)is a manufacturer and not a service organization
C)may cause unlimited liability for its shareholders
D)provides goods or services for the sole purpose of helping people

Question

Quizplus · Accepted Answer

A corporation is a legal entity that is separate from its owners, which means that it has its own legal rights and responsibilities. This separation also means that the owners of a corporation have limited liability, meaning that they are not personally responsible for the corporation's debts or other legal obligations.

A Corporation ________