Which of the Following Features of a Corporation Is LEAST

question 78

Multiple Choice

Which of the following features of a corporation is LEAST accurate?

• A)The owners' identity is separate from a corporation.
• B)The owners of a corporation are not liable for any obligations the corporation enters into.
• C)Changes in ownership do not result in the dissolution of the corporation.
• D)Earnings from a corporation are taxed only once.

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Definitions:

Debenture

A type of debt instrument that is not secured by physical assets or collateral.

Interest Rate

The fee a lender imposes on a borrower for the utilization of assets, represented as a proportion of the principal amount.

Large Banks

Financial institutions with a significant presence and assets, offering a wide range of financial services.

LIBOR

The London Interbank Offered Rate, which is the average interest rate at which major global banks lend to one another.