Which Feature Is Not a Characteristic of a Company

question 36

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

---

Definitions:

Entire Business

Refers to the complete operations and assets of a company as a single entity.

Loss On Disposal

The financial loss incurred when an asset is sold or disposed of for less than its carrying amount.

Financial Statements

Formal records of the financial activities and condition of a business, organization, or other entity, typically including the balance sheet, income statement, and cash flow statement.

Intangible Asset

An asset that lacks physical substance but is still identifiable and provides economic value to the business, such as patents or trademarks.