Characteristics of a Corporation Include

question 196

Multiple Choice

Characteristics of a corporation include

• A) shareholders who are mutual agents
• B) direct management by the shareholders (owners)
• C) its inability to own property
• D) shareholders who have limited liability

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Definitions:

Human and Material Resources

Human and material resources refer to the personnel and physical supplies or commodities, respectively, that an organization utilizes to carry out its operations.

Evaporation

The process by which water changes from a liquid to a gas or vapor.

Organic-rich Black Shale

Sedimentary rocks that contain high amounts of organic matter, typically appearing dark in color, and are potentially sources of fossil fuels.

Silica-rich Creatures

Marine organisms that have skeletons made primarily of silica, such as diatoms and certain types of sponges.