Which of the Following Is a Characteristic of a Corporation

question 35

Multiple Choice

Which of the following is a characteristic of a corporation?

• A)Mutual agency
• B)Stockholder liability for business debts
• C)Indefinite existence
• D)Taxable at individual rates

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Definitions:

Sherman Act

A foundational antitrust law in the United States aimed at prohibiting monopolies and other practices that restrain free competition.

Price-Fixing

An illegal agreement among competitors to fix, raise, or lower the price of a product or service, rather than allowing the market to determine prices naturally.

Interlocking Directorates

The practice of members of a corporate board of directors serving on the boards of multiple corporations, often leading to increased corporate cohesion and shared interests.

Celler-Kefauver Act

A U.S. law, enacted in 1950, designed to prevent anti-competitive mergers and acquisitions by closing loopholes in earlier antitrust legislation.