Which of the Following Statements Describes the Company Characteristic Termed

question 11

Multiple Choice

Which of the following statements describes the company characteristic termed no mutual agency?

• A)Shares can be readily bought and sold by investors on the open market.
• B)Companies pay income tax on company earnings, and shareholders pay personal income tax on company dividends and gains from sale of shares.
• C)The liabilities of the company cannot be extended to the personal assets of the shareholder.
• D)Shareholders are not authorised to sign contracts or make business commitments on behalf of the company.

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Definitions:

Glucose

A simple sugar that is an important energy source in living organisms and is a component of many carbohydrates.

Citric Acid Cycle

A series of chemical reactions used by all aerobic organisms to release stored energy through the oxidation of acetyl-CoA.

Cellular Respiration

The process by which cells convert glucose and oxygen into energy, carbon dioxide, and water.

ATP

Adenosine triphosphate, a molecule that carries energy within cells, supporting various cellular functions.