Which of the Following Is NOT a Characteristic of a Corporation

question 165

Multiple Choice

Which of the following is NOT a characteristic of a corporation?

• A) Limited liability for shareholders
• B) Double taxation
• C) Separation of ownership problems
• D) Limited ability to raise capital funds

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Definitions:

Output Growth Rate

The rate at which the production of goods and services in an economy increases over a specified period.

Taxation

The practice of collecting taxes by a government to fund public services, infrastructure, and other governmental functions.

Regulations

Rules or directives made and maintained by an authority or regulatory body to control or govern conduct within a specific area.

Production Possibilities Curve

A graphical representation showing the maximum quantity of goods and services that can be produced with a fixed amount of resources.