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

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Definitions:

Sales Forecast Assumption

The underlying conditions and criteria used to project future sales for a business.

Debt-Equity Ratio

A metric that highlights the use of equity versus debt in the strategic funding of company assets.

Dividend Payout Ratio

A financial ratio that measures the proportion of earnings a company pays out to its shareholders in the form of dividends.