Which of the Following Is a Characteristic of a Corporation

question 120

Multiple Choice

Which of the following is a characteristic of a corporation?

• A) Ease of raising capital
• B) No mutual agency
• C) Unlimited life
• D) All of the above are correct.

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Definitions:

Wages

Wages are payments made to employees for their labor or services, typically calculated on an hourly, daily, or piecework basis.

Factors of Production

The inputs used in the production of goods or services in the process of creating economic value; these typically include land, labor, capital, and entrepreneurship.

Monopsony Firm

A market situation where there is only one buyer or a dominant buyer for a product or service, giving that buyer substantial control over market prices and terms.

Competitive Firm

A business that operates in a market with many buyers and sellers, where no single entity can significantly influence the market price of goods and services.