Which Feature Is Not a Characteristic of a Company

question 11

Multiple Choice

Which feature is not a characteristic of a company?

• A)limited liability.
• B)less government regulation than other types of entities.
• C)legal entity.
• D)perpetual life.

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Definitions:

Fixed Expenses

Expenses that remain constant regardless of the level of production or sales, including rent, salaries, and insurance premiums.

Cash Receipts

The total amount of money, including cash, checks, and credit card payments, received by a business during a given period.

Credit Sales

Transactions where goods or services are provided to a customer with the agreement that payment will be made at a future date.

Selling and Administrative

Expenses associated with the company's efforts to sell its products and manage the overall organization, excluding production costs.