Which of the Following Is Not a Characteristic That Distinguishes

question 25

Multiple Choice

Which of the following is not a characteristic that distinguishes corporations from proprietorships and partnerships?

• A) Corporations are separate legal entities apart from the owners.
• B) Corporations have continuous lives regardless of changes in ownership.
• C) Shareholders of a corporation are not permitted to transfer shares as they wish.
• D) Corporate earnings are subject to double taxation.

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Definitions:

Encounter

To meet or come across a person or situation, often unexpectedly.

Roommates

Roommates are persons who share a living space such as an apartment or dormitory, but are not related by family or romantic relationships.

Conflicts

Disagreements or disputes between individuals or groups, often arising from differing opinions, goals, or values.

Cleanliness

The state or quality of being clean and free from dirt, impurities, or contaminants.