All of the Following Are Advantages of a Corporation Except

question 67

Multiple Choice

All of the following are advantages of a corporation except

• A) limited liability.
• B) lower frequency of taxation.
• C) perpetual life of organization.
• D) ease of transfer of ownership.
• E) external funding sources.

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Definitions:

Borrower Must

Obligations or conditions a borrower needs to fulfill as per the terms of the loan agreement.

Debt Covenants

Specific agreements entered into by a borrower and lender, included in the terms of a loan or bond issuance, which place restrictions on the borrower to protect the lender.

Repayment Capacity

An assessment of a borrower's ability to repay a loan based on their financial situation.

Mergers and Acquisitions

Business activities where companies purchase or combine with other companies to expand their operations or enter new markets.