Characteristics of a Corporation Include

question 196

Multiple Choice

Characteristics of a corporation include

• A) shareholders who are mutual agents
• B) direct management by the shareholders (owners)
• C) its inability to own property
• D) shareholders who have limited liability

---

Definitions:

Ounce of Gold

A unit of measure for weighing gold, where one ounce is equivalent to approximately 28.35 grams.

Coffee Beans

The seed of the coffee plant, used to produce the popular beverage coffee, following a process of drying, roasting, and grinding.

Essential

Refers to goods or services considered necessary for basic human functioning and living standards.

Marginal Rate of Substitution

The speed at which a consumer is ready to replace one product with another, keeping their level of contentment constant.