Identify (by letter) each of the following characteristics as being an advantage (A) or a disadvantage (D) of the company form of business organisation.
A = Advantage
D = Disadvantage
-Separate legal entity
A)A
B)D

Question

Quizplus · Accepted Answer

Being a separate legal entity allows a company to own property, incur debts, sue and be sued in its own name, distinct from its owners. This separation provides a layer of protection for the personal assets of the shareholders and is considered an advantage.

Identify (By Letter) Each of the Following Characteristics as Being