Which of the Following Characteristics of a Corporation Gives It

question 29

Multiple Choice

Which of the following characteristics of a corporation gives it a life of its own that can extend beyond that of its owners?

• A) It grants the organization certain legal rights.
• B) It is a legal entity that is chartered by the state.
• C) The cost for incorporating a corporation is very high.
• D) The corporation becomes responsible for its own liabilities.
• E) Incorporated businesses require complex documentation.

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Definitions:

Flexor Digitorum Longus

A muscle in the lower leg that helps in flexing the toes and plays a significant role in stabilizing the foot.

Fibularis Tertius

A small muscle of the lower leg that helps in the eversion of the foot and extension of the toes.

Fibularis Brevis

A muscle of the lower leg that assists in the eversion and plantar flexion of the foot.

Tibial Tuberosity

A protuberance on the tibia bone in the lower leg that serves as an attachment site for the patellar ligament.