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Match the Following Common Procedures and Suffixes with the Correct

question 2

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Match the following common procedures and suffixes with the correct definition.

--centesis


Definitions:

Government Regulation

The laws and rules enacted by government agencies to supervise and control activities within various industries and sectors.

Separate Legal Existence

The concept that a corporation's identity is legally distinct from its owners, thus it can own property, incur debts, and be sued in its own name.

Continuous Life

A characteristic of corporations where the company’s existence is not affected by changes in ownership or management, ensuring perpetual continuity.

Limited Liability

Limited Liability is a legal structure that limits the amount of financial risk and liability to the amounts invested in a company, protecting personal assets of the owners from business debts.

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