Which of the Following Is Not Characteristic of a Corporation

question 49

Multiple Choice

Which of the following is not characteristic of a corporation?

• A) The financial loss that a stockholder may suffer from owning stock in a public company is limited.
• B) Cash dividends paid by a corporation are deductible as expenses by the corporation.
• C) A corporation can own property in its name.
• D) Corporations are required to file federal income tax returns.

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Definitions:

Cognitive Theory

A theory of human development that focuses on how people think. According to this theory, our thoughts shape our attitudes, beliefs, and behaviors.

Computer

An electronic device capable of processing and storing data, and performing tasks according to a set of instructions.

Knowledge Base

A body of knowledge in a particular area that makes it easier to master new information in that area.

Master

An individual with control over something or someone, or a person highly skilled in a particular craft or subject.