Which of the Following Is Most Characteristic of the Corporate

question 53

Multiple Choice

Which of the following is most characteristic of the corporate form of business?

• A) Owners face unlimited liability.
• B) Corporate earnings are not taxable.
• C) A corporation is created by verbal agreement.
• D) Owners are called partners.
• E) A corporation is a legal entity.

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Definitions:

Sickle-Cell Anemia

A genetic blood disorder characterized by the production of abnormal, sickle-shaped red blood cells, causing various health complications.

Genes

Biological units of heredity located in DNA; responsible for passing genetic information from parents to offspring, determining individual characteristics.

Identical Twins

Another term for monozygotic twins, highlighting their shared genetic origin and identical genetic makeup.

Infant Mortality

The death of children under the age of one year, often measured as the number of deaths per 1000 live births in a given region or period.