Examlex
Which of the following is FALSE in the context of the project charter?
Limited Liability
The liability of the owners of a corporation is limited to the value of the shares in the firm that they own.
Proprietorship
An unincorporated business firm owned by just one person.
Corporation
A legal entity that is separate from its owners, offering limited liability to its shareholders, and having the ability to enter into contracts, loan and borrow money, sue and be sued.
Financial Intermediary
An institution that facilitates the channeling of funds between lenders and borrowers, such as banks, investment funds, and insurance companies.
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