Which of the Following Is Not a Characteristic That Distinguishes

question 14

Multiple Choice

Which of the following is not a characteristic that distinguishes corporations from proprietorships and partnerships?

• A) Corporations are separate legal entities apart from the owners.
• B) Corporate earnings are subject to double taxation.
• C) Corporations have mutual agency.
• D) Corporations have continuous lives regardless of changes in ownership.

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Definitions:

Literature

Written works, especially those considered of superior or lasting artistic merit.

Volume Objectives

Objects based on pricing decisions on market share, the percentage of a market controlled by a certain company or product.

Pricing Decisions

The process of setting the price of a product or service, taking into account costs, competition, and customer demand.

Market Share

The portion of a market controlled by a particular company or product, often expressed as a percentage of total sales in that market.