A corporation is an organization
A) with owners assuming personal liability for business losses.
B) that joins two or more people together as co-owners.
C) that is an "artificial being" created by individual state laws.
D) that gives stockholders control of everyday management decisions.
E) that does not sell stock to raise capital.
C
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With a waiver of premium rider attached to a whole life policy issued by a mutual insurer, all of the following are true, except:
A. Dividends will continue to be paid, if earned. B. Cash values will continue to grow. C. All features of the policy will remain in force. D. The insurer will waive the premium payment while the policyowner will continue to pay the cost of the WP rider.
Which of the following leases is usually used for retail business?
A. A gross lease. B. A percentage lease. C. A ground lease. D. A lease purchase.