Which of the Following Characteristics Distinguish a Corporation from Other

question 95

Multiple Choice

Which of the following characteristics distinguish a corporation from other forms of businesses?
I.Centralization of management
II.Continuity of life
III.Free transferability of ownership interests
IV.Limited liability
V.Profit motive
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• A)All are distinguishing characteristics.
• B)Statements I, II, III and IV are correct.
• C)Only statement III is correct.
• D)Statements IV and V are correct.
• E)Statements I, II, IV, and V are correct.

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Definitions:

Conception

The moment when a sperm fertilizes an egg, leading to the beginning of pregnancy.

Multi-Directional Development

The concept that human development occurs in different directions and not in a linear fashion, showing gains and losses across the lifespan.

Continuity

The principle or quality of maintaining a consistent state or operation over time, often considered in contexts such as development, history, or processes.

Tortoise

refers to a terrestrial turtle, typically with a dome-shaped shell, known for its slow movement and long lifespan.