Which of the Following Isnot a Characteristic of a Corporation

question 186

Multiple Choice

Which of the following isnot a characteristic of a corporation?

• A) Corporations are organized as a separate legal taxable entity.
• B) Ownership is divided into shares of stock.
• C) Corporations experience an ease in obtaining large amounts of resources by issuing stock.
• D) Corporation's resources are limited to its individual owners' resources.

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Definitions:

Resale

The act of selling a product or service that one has purchased to a third party.

Extending Credit

The practice of allowing customers to purchase goods or services on the promise of future payment, based on trust in the customer's ability and willingness to pay.

Procedural Messages

Communications that provide instructions or directions on how to complete tasks or operate machinery or systems.

Writing Instructions

Writing instructions are detailed directions on how to accomplish a specific task, often including steps to follow, materials needed, and desired outcomes.