Which of the Following Characteristics Distinguish a Corporation from Other

Multiple Choice

Which of the following characteristics distinguish a corporation from other forms of businesses?
I.Centralization of management
II.Continuity of life
III.Free transferability of ownership interests
IV.Limited liability
V.Profit motive
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A) All are distinguishing characteristics.
B) Statements I, II, III and IV are correct.
C) Only statement III is correct.
D) Statements IV and V are correct.
E) Statements I, II, IV, and V are correct.