All of the Following Are Characteristics of a Corporation EXCEPT

question 24

Multiple Choice

All of the following are characteristics of a corporation EXCEPT:

• A)it has perpetual existence.
• B)it is a legal entity of its own.
• C)it is able to be sued and to sue.
• D)it is usually managed by its owners.

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Definitions:

Workers' Compensation Award

A financial benefit granted to employees who suffer injuries or illnesses directly related to their job duties.

Work-Related

Pertaining to tasks, activities, or issues that arise in the context of one's employment or workplace.

OSHA

The Occupational Safety and Health Administration (OSHA) is an agency of the United States Department of Labor that ensures safe and healthful working conditions by setting and enforcing standards and by providing training, outreach, education, and assistance.

Employer

An individual or organization that hires and pays individuals for their labor or services.