Which of the Following Is a Characteristic of the Corporate

question 54

Multiple Choice

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

• A)Mutual agency
• B)Separate legal entity
• C)Relatively easy to form
• D)Owners have unlimited liability for the debts of the business.

---

Definitions:

Political Party

An organized group of people with similar political aims and opinions, seeking to influence public policy by getting its candidates elected to public office.

Interdepartmental Cooperation

The collaborative effort between different departments or units within an organization to achieve a common goal.

Purchase-of-Service Contracts

Agreements where a government entity pays an external organization to provide a specific service that the government itself does not deliver directly.

Bidding Contest

A competitive process in which individuals or entities submit offers to win the rights to acquire goods, services, or assets.