Which of the Following Is Not a Characteristic of a Corporation

question 4

Multiple Choice

Which of the following is not a characteristic of a corporation?

• A) Corporations are organized as a separate legal taxable entity.
• B) Ownership is divided into shares of stock.
• C) Corporations experience an ease in obtaining large amounts of resources by issuing stock.
• D) A corporation can elect to be taxed as a partnership.

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Definitions:

North America

A continent in the northern hemisphere, bounded by the Arctic Ocean, Atlantic Ocean, and the Pacific Ocean, including countries like Canada, the United States, and Mexico.

Caribbean

A region consisting of the Caribbean Sea, its islands, and the surrounding coasts, known for its diverse cultures, languages, and historical significance.

European Nations

Countries located on the continent of Europe, each with its distinct government, culture, and history.

French Trading

The act or process of buying, selling, or exchanging commodities, at either wholesale or retail, within France or between France and other countries.