Every corporation is recognized and treated under the law as ________.
A) An entity, much like a person, that has expenses and earnings
B) A small business
C) If it were its owners and employees
D) A large business
E) A stockholder

Question

Quizplus · Accepted Answer

A corporation is recognized as a legal entity separate from its owners and employees, similar to a person, that has its own expenses and earnings. This means that it can enter into contracts, own assets, and be held liable for its own actions.

Every Corporation Is Recognized and Treated Under the Law as ________