What Is the Key Feature That Distinguishes the Corporation from Sole

question 40

Multiple Choice

What is the key feature that distinguishes the corporation from sole proprietorships and partnerships?

• A) Corporations are easily formed business entities.
• B) Corporations may have more than one owner.
• C) The owners' assets in a corporation are at risk.
• D) A corporation exists as a separate legal entity.

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Definitions:

Deontology

An ethical theory that suggests actions are morally right because of their characteristics, not just their outcomes, emphasizing duties and rules.

Decision Making

The process of making choices or reaching conclusions, especially when preferences are considered among a range of potential options.

Traditional Corporation

A conventional business entity focused on profitability and growth, characterized by hierarchical organization and shareholder ownership.

Benefit Corporation

A type of for-profit corporate entity that includes positive impact on society, workers, the community and the environment in addition to profit as its legally defined goals.