Which of the Following Is a Characteristic of a Corporation

question 85

Multiple Choice

Which of the following is a characteristic of a corporation?

• A) Corporations are separate taxable entities.
• B) Lenders of a corporation do not have the right to claim the corporation's assets to satisfy their obligations.
• C) Corporations are subjected to less governmental regulation than other forms of businesses.
• D) Each stockholder has the authority to commit the corporation to a binding contract through his/her actions.