Identify a Characteristic of the Corporate Form of Organization

question 25

Multiple Choice

Identify a characteristic of the corporate form of organization.

• A)The top management of such an organization has unlimited liability.
• B)It does not have the discretion and authority to issue stock.
• C)It has the legal standing of an individual and can participate in law-suits.
• D)It is run by a board of directors elected by the government.

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Definitions:

Sensory Register

Part of the memory system where sensory information is stored for very brief periods, allowing it to be processed further.

Episodic Memory

A type of long-term memory that involves the recollection of specific events, situations, and experiences, including contextual details and emotions.

Personally Experienced

Refers to events or situations that an individual has directly encountered or lived through.

Context

The circumstances or setting surrounding an event, statement, or idea which can significantly affect its meaning and interpretation.