Which of the Following Is Not a Characteristic of a Corporation

question 4

Multiple Choice

Which of the following is not a characteristic of a corporation?

• A) Corporations are organized as a separate legal taxable entity.
• B) Ownership is divided into shares of stock.
• C) Corporations experience an ease in obtaining large amounts of resources by issuing stock.
• D) A corporation can elect to be taxed as a partnership.

Understand the phenomena of white flight and its consequences for urban and suburban dynamics.

Explore the concept of environmental racism and its beneficiaries.

Understand the aims and justifications of different theories of punishment.

Identify and explain the significance of key legal cases in the context of punishment theories.

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Definitions:

Third Party

An individual or group besides the two primarily involved in a transaction or legal case.

Undisclosed Principal

A party in a contract whose identity is not revealed to the third party by the agent, allowing the principal to conduct transactions anonymously.

Limited Partners

Investors in a partnership who are not involved in the day-to-day management of the business and whose liability is limited to the amount they have invested.

Insanity

When a person cannot understand the nature or consequences of his acts.