Which of the Following Is a of the Corporate Form

question 104

Multiple Choice

Which of the following is a of the corporate form of organization?

• A)limited liability
• B)continuity
• C)greater access of financial resources
• D)owners and managers are not always the same people

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Definitions:

Liable

Legally responsible or obligated, as in being held accountable for an action or in relation to a debt or infringement.

Charges

Fees or financial obligations imposed on an individual or entity for services, penalties, or debts.

Certified Check

A check guaranteed by a bank, verifying that the signer has enough funds available and that the signature is genuine.

Cashier's Check

A check issued by a bank, drawn on its own funds and signed by a cashier, guaranteeing payment.