A Corporation Has Which of the Following Sets of Characteristics

question 97

Multiple Choice

A corporation has which of the following sets of characteristics?

• A)subject to personal liability,not a separate taxable entity,terminates at the stockholder's death
• B)not taxed,two or more owners,an alternative organizational form to partnerships
• C)taxed on earnings,subject to personal liability,used primarily by professional organizations
• D)one or more stockholders,indefinite life,no personal liability

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Definitions:

Initiating

The process of starting something, such as a project or plan, into action or operation.

Information Seeking

Information seeking is the process where individuals actively look for data, facts, and insights to fulfill knowledge gaps or solve problems.

Coordinating

The method of coordinating individuals or teams to ensure they collaborate effectively and efficiently.

Organizational Rules

The policies, guidelines, and regulations that govern the operations and behavior within a company or institution.