Which of the following is not a characteristics of a corporation?
A) It has perpetual existence.
B) It is a legal entity of its own.
C) It is able to be sued and to sue.
D) It is usually managed by its shareholders.

Question

Quizplus · Accepted Answer

Corporations are usually managed by a board of directors, who are elected by the shareholders. Shareholders may have some influence over the decisions made by the board, but they do not usually manage the corporation directly.

Which of the Following Is Not a Characteristics of a Corporation