Which of the Following Characteristics Distinguish a Corporation from Other

question 95

Multiple Choice

Which of the following characteristics distinguish a corporation from other forms of businesses?
I.Centralization of management
II.Continuity of life
III.Free transferability of ownership interests
IV.Limited liability
V.Profit motive
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• A)All are distinguishing characteristics.
• B)Statements I, II, III and IV are correct.
• C)Only statement III is correct.
• D)Statements IV and V are correct.
• E)Statements I, II, IV, and V are correct.

Comprehend the importance of transparency in corporate practices for trust-building with customers.

Comprehend the measures of customer service success, including fill rates and on-time delivery.

Understand the concept of ease of doing business and its impact on customer satisfaction.

Grasp the essentials of customer relationship management (CRM) and its strategic importance.

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Definitions:

Apparent Authority

The appearance or assumption of authority based on the actions or statements of the principal, leading others to believe that a representative has authority to act.

Ordinary Maintenance

Routine or regular upkeep necessary to maintain the condition or functionality of property or equipment.

Personal Liability

Refers to an individual's legal responsibility for debts or actions, potentially affecting their personal assets.

Respondeat Superior

A legal doctrine that holds an employer or principal legally responsible for the wrongful acts of an employee or agent, if such acts occur within the scope of the employment or agency.