Which of the Following Statements Is Correct

Multiple Choice

Which of the following statements is correct?

A) A hostile takeover is a primary method of transferring ownership interest in a company.
B) The company is a legal entity created by the state and is a direct extension of the legal status of its owners and managers, that is, the owners and managers are the company.
C) Unlimited liability and limited life are two key advantages of the corporate form over other forms of business organisation.
D) In part due to limited liability and ease of ownership transfer, companies have less trouble raising money in financial markets than other organisational forms.
E) Although shareholders of the company are insulated by limited legal liability, the legal status of the company does not protect the firm's managers in the same way.