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) a large business
D) if it were its owners and employees

Question

Quizplus · Accepted Answer

Corporations are recognized and treated under the law as separate legal entities, similar to individuals, with the ability to incur expenses and earn income. This means that they can enter into contracts, own property, and sue or be sued.

Every Corporation Is Recognized and Treated Under the Law as ________