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:

Person-To-Person Sales

A direct sales method where products are sold by individuals directly to consumers, often in a face-to-face manner, outside of a retail environment.

Online Retailers

are businesses that sell goods or services to consumers over the internet, often through a website or app, without a traditional physical storefront.

Credit Card Information

Details pertaining to a credit card, including the card number, expiry date, and CVV, essential for executing financial transactions.

Direct Selling

A retail channel where products are marketed and sold directly to consumers, bypassing traditional retail stores.