Briefly Discuss Each of the Following Corporate Characteristics

question 175

Essay

Briefly discuss each of the following corporate characteristics.
A. Government regulation
B. Limited liability of stockholders
C. Continuous life and transferability of ownership

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Definitions:

Profit

The financial gain obtained when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Pigeon Pies

A traditional dish made from pigeons, emblematic of historical culinary practices, but may vary in relevance and popularity across cultures.

Output

The total amount of goods or services produced by a person, machine, factory, country, etc., usually measured over a specific period of time.

Profit

The profit achieved when the revenue from business operations surpasses all associated expenses, costs, and taxes required to maintain those operations.