Identify (By Letter) Each of the Following Characteristics as Being

question 132

Essay

Identify (by letter) each of the following characteristics as being an advantage, a disadvantage, or not applicable to the corporate form of business organization.
A = Advantage
D = Disadvantage
N = Not Applicable
Characteristics
1. Separate legal entity
2. Taxable entity resulting in additional taxes
3. Continuous life
4. Unlimited liability of owners
5. Government regulation
6. Separation of ownership and management
7. Ability to acquire capital
8. Ease of transfer of ownership

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Definitions:

Own Life

Refers to the autonomy and personal experiences unique to an individual's existence.

Immortality

The concept of living forever or having an eternal life, often explored in religion, mythology, and philosophical discussions.

Afterlife

A concept referring to an existence or consciousness continuing after physical death.

Hindu

Pertaining to Hinduism, a major world religion originating in the Indian subcontinent, characterized by a variety of beliefs, practices, and cultural traditions.