Which of the Following Is NOT a Characteristic of the Corporate

question 25

Multiple Choice

Which of the following is NOT a characteristic of the corporate form of doing business?

• A) Limited liability.
• B) Perpetual existence.
• C) Informal organization.
• D) Transferability of corporate shares.

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Definitions:

Market-Determined Quantity

The quantity of a good or service established through the interaction of supply and demand in a marketplace.

Coal Mine Pollution

Environmental damage caused by the mining and processing of coal, including air and water pollution.

Marginal Social Benefit

The extra benefit that society receives from consuming an additional unit of a good or service.

Production Process

The sequence of operations or steps taken to produce a good or deliver a service.