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.
Correct Answer:
Verified
Correct Answer:
Verified
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