Which of the following is a valid observation of corporations?
A) A corporation cannot own property of its own.
B) All corporations should sell its stock to the public.
C) The owners of a corporation are called directors.
D) A corporation is distinct from the people running it.
E) A corporation must be owned by less than fifty people.
Answer: D
Explanation: A corporation is a legal entity, distinct from any individual persons, that has the power to own property and conduct business.
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Indicate whether the statement is true or false