A Factor Which Distinguishes the Corporate Form of Organization from a Sole

question 86

Multiple Choice

A factor which distinguishes the corporate form of organization from a sole proprietorship or partnership is that a

• A) corporation is organized for the purpose of making a profit.
• B) corporation is subject to numerous federal and provincial government regulations.
• C) corporation is an accounting economic entity.
• D) corporation's temporary accounts are closed at the end of the accounting period.

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Definitions:

RuntimeException

An exception in programming that indicates a problem that occurs during program execution.

Superclass

A class from which other classes inherit properties and methods; also known as a parent or base class.

Checked Exception

In Java, an exception that is checked by the compiler for handling or declaration in a method's signature.