The feature that is not a characteristic of a company is:
A) perpetual life.
B) less government regulation than other types of entities.
C) limited liability.
D) legal entity.

Question

Quizplus · Accepted Answer

The level of government regulation that a company faces depends on its industry and size, and may vary from country to country. It is not a defining characteristic of a company. The other choices are all characteristics of a company - perpetual life refers to its ability to continue existing even after its owners or managers die or leave, limited liability means the owners' personal assets are protected from business debts, and being a legal entity means it is recognized as a separate entity from its owners.

The Feature That Is Not a Characteristic of a Company