Which of the Following Is a Characteristic of a Public

question 76

Multiple Choice

Which of the following is a characteristic of a public corporation?

• A) The lifetime of the organization is limited to the lifetime of the decision-making committee or the Chief Executive Officer, whichever is longer.
• B) Profits are taxed as income to corporation and again as income to owners when distributed as dividends.
• C) Ownership interests are generally limited to no more than 35 shareholders.
• D) Owners can exert control over daily management decisions.

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Definitions:

Aphasia

A language disorder that affects a person's ability to communicate effectively, often caused by brain damage.

Cataplexy

A sudden and uncontrollable muscle weakness or paralysis often triggered by strong emotions such as laughter.

Korsakoff's Syndrome

A chronic memory disorder caused by severe deficiency of thiamine (vitamin B1), most commonly associated with long-term alcoholism.

Sense Of Smell

The ability to perceive and distinguish different odors, an important sense that contributes to taste and environmental awareness.