Characteristics of a Corporation Include

question 93

Multiple Choice

Characteristics of a corporation include:

• A)stockholders having unlimited liability.
• B)direct management by the stockholders.
• C)stockholders having limited liability.
• D)choosing a board of directors.

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Definitions:

Political Institutions

Structures and systems of government and governance, including legislatures, courts, and the executive branch, which create, enforce, and interpret laws.

Federal Government

The national government of a federal country, which holds the sovereign authority and power over matters that pertain to the country as a whole, distinct from state or provincial governments.

Civil Service

The body of government employees who are employed on behalf of and who are responsible for the administration of the state, often excluding military and elected officials.

Target Company

A business that is the subject of a takeover attempt by another company seeking to acquire control or significant stake in it.