Which of the Following Phrases Is Not Descriptive of the Corporate

question 197

Multiple Choice

Which of the following phrases is not descriptive of the corporate form of business?

• A)Professional management
• B)Continuous existence
• C)Double taxation
• D)Unlimited liability

---

Definitions:

Diaphysis

The main or midsection (shaft) of a long bone, which is typically cylindrical in shape and contains the bone marrow.

Epiphysis

The end part of a long bone, initially growing separately from the shaft and later fusing to form mature bone.

Periosteum

A dense layer of vascular connective tissue enveloping the bones except at the surfaces of the joints.

Endosteum

A thin vascular membrane that lines the inner surface of the bone in the medullary cavity.