Which of the Following Features of a Corporation Is LEAST

question 1

Multiple Choice

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

• A) The owners' identities are separate from a corporation.
• B) The owners of a corporation are not liable for any obligations the corporation enters into.
• C) Changes in ownership do not result in the dissolution of the corporation.
• D) Earnings from a corporation are taxed only once.

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Definitions:

Narcolepsy

A sleep disorder characterized by excessive daytime sleepiness and sudden attacks of sleep.

Paranoid

Characterized by or suffering from unwarranted or excessive suspicion and mistrust of people or their actions without sufficient basis.

Unacceptable

Not satisfactory or allowable due to not meeting necessary standards or conditions.

Hypnosis

A trance-like state characterized by heightened focus, concentration, and suggestibility, often used for therapeutic purposes.