Which One of the Following Would Not Be Considered an Advantage

question 26

Multiple Choice

Which one of the following would not be considered an advantage of the corporate form of organization?

• A)limited liability of shareholders
• B)separate legal existence
• C)continuous life
• D)government regulation

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Definitions:

Objectives

The goals or aims that an organization or individual strives to achieve over a certain period.

Implementation

The process of putting a decision or plan into effect; execution of a plan, idea, or policy.

Bank Statement Adjustment

Modifications made to a company's cash account records to reconcile them with the bank statement's transactions and balance.

Company Books Adjustment

The process of making corrections or changes to the financial records of a business to reflect accurate financial positions.