A corporation:
A) is legally separate from its owners.
B) is owned by stockholders.
C) has limited risk to stockholders.
D) All of the above

Question

Quizplus · Accepted Answer

All of the options correctly describe characteristics of a corporation. A corporation is a legal entity separate from its owners, owned by stockholders who share in its profits and losses, and offers limited liability to its stockholders, meaning they are not personally responsible for the corporation's debts.

A Corporation