This is also referred to as an artificial person. cooperative false corporation true partnership false sole proprietorship false Single Corporation as a legal personality: a. Has property rights it can enforce false a. Can engage in business, as its articles of incorporation provide as its purpose false c. Exists and can acquire, own, hold and dispose of property false d. Both A and C false Single Corporation as a legal entity: Has property rights it can enforce false Can engage in business, as its articles of incorporation provide as its purpose true Can sue or be sued for the enforcement of obligations. false Exists and can acquire, own, hold and dispose of property false Single ______ are the original owners and shareholders. incorporators true partners false stakeholders false sole proprietors false Single The _______ has the principal responsibility of governance over a corporation. Board Committees false Board of Directors true Executive Committee false Good Governance Committee false Single The ______ is the law authorizing the creation of corporations. Cooperative Code false Corporation Code true Consumer Act false Labor Code false Single Its members are elected from the Board and who are authorized to act for the Board Board Committees false Board of Directors false Executive Committee true Good Governance Committee false Single Which is the collective term to describe the people who run the business day-to-day? board false committee false management true none of the above false Single The _______is acknowledged as the policy-making body that formulates the broad, long-term strategies and directions for the corporation. board true committee false management false none of the above false Single The ______ is at the top of the hierarchy in a corporation. Chief Executive Officer true Chief Information Officer false Chief Marketing Officer false Chief Operating Officer false Single