Which of the Following Characteristics of a Corporation Gives It

question 29

Multiple Choice

Which of the following characteristics of a corporation gives it a life of its own that can extend beyond that of its owners?

• A) It grants the organization certain legal rights.
• B) It is a legal entity that is chartered by the state.
• C) The cost for incorporating a corporation is very high.
• D) The corporation becomes responsible for its own liabilities.
• E) Incorporated businesses require complex documentation.

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Definitions:

P-chart

A type of control chart used for monitoring the proportion of defective units in a process over time.

LCL

Lower Control Limit, a statistical measure used in quality control processes to define the lowest acceptable limit of a process variation.

Out-of-control Conditions

Situations in a manufacturing or process environment where variables exceed predetermined control limits, indicating potential quality issues.

Variation

The extent to which data points in a dataset differ from each other and from the mean.