An Advantage of the Company Form of Business Is That

question 23

Multiple Choice

An advantage of the company form of business is that:

• A)It has a limited life.
• B)Its owner's personal resources are at stake.
• C)Its ownership is transferable through the sale of shares.
• D)It is simple to establish.

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Definitions:

Negligent

Failure to take proper care in doing something, leading to damage or injury to others.

Lawful Action

Actions or behaviors that are in accordance with legal requirements and legislations.

Gasoline Tanker Truck

A large vehicle designed for transporting liquid petroleum products, especially gasoline, from refineries to distribution points.

Discriminate

To make a distinction in favor or against someone or something based on the group, class, or category rather than according to actual merit.