A Company Possesses All but One of the Following Characteristics

question 42

Multiple Choice

A company possesses all but one of the following characteristics.Which of the following is NOT a characteristic of a company?

• A)A company is a distinct entity in the eyes of the law.
• B)A company is owned by shareholders.
• C)If a company cannot pay its debts,lenders can take the owners' personal assets to satisfy the obligations.
• D)Company ownership is divided into shares.

---

Definitions:

Composition

In geology, refers to the mineral makeup of a rock or sediment, indicating its chemical and physical properties.

Subduction-Derived Magma

Magma that is generated in subduction zones when one tectonic plate moves under another, melting due to high pressure and temperature.

Continental Crust

The layer of igneous, sedimentary, and metamorphic rocks that forms the continents and the areas of shallow seabed close to their shores.

Felsic Composition

Rocks rich in silica and aluminum, characterized by lighter minerals like quartz and feldspar.