Which of the Following Is Not a Characteristic of a Corporation

question 124

Multiple Choice

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

• A) The financial loss that a stockholder may suffer from owning stock in a public company is limited.
• B) Cash dividends paid by a corporation are deductible as expenses by the corporation.
• C) A corporation can own property in its name.
• D) Corporations are required to file federal income tax returns.

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Definitions:

Quantity Supplied

Quantity supplied refers to the amount of a good or service that producers are willing and able to sell at a given price over a specific period.

Rationing Gasoline

Rationing gasoline is a control measure where the government limits the amount of gasoline that consumers can purchase, usually in response to supply shortages.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a specific price level in a given time period.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price level in a given time period.