Multiple Choice
Which of the following is a characteristic of a corporation?
A) It allows one or more partners to have limited liability.
B) It requires one or more of the partners to be a general partner to whom the privilege of limited liability does not apply.
C) It prohibits the limited partners from participating in the management of the partnership.
D) It is legally owned by its current set of shareholders.
Correct Answer:
Verified
Correct Answer:
Verified
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