Which of the Following Features of a Corporation Is LEAST

question 22

Multiple Choice

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

• A)The owners' identity is separate from the corporation.
• B)The owners of the corporation have unlimited liability for the corporations debts.
• C)Changes in ownership do not result in the dissolution of the corporation.
• D)Earnings from the corporation are taxed only once.

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Definitions:

Personal Distress

Emotional discomfort or pain experienced by an individual, which can stem from various psychological, social, or physiological sources.

Panic Disorder

A psychiatric disorder characterized by sudden, repeated episodes of intense fear accompanied by physical symptoms that may include chest pain, heart palpitations, shortness of breath, dizziness, or abdominal distress.

Mania

A mental disorder marked by periods of great excitement, euphoria, delusions, and overactivity.

Acrophobia

An intense fear of heights, often leading to avoidance of high places and significant distress in situations where encountering them is unavoidable.