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Identify (By Code Letter)each of the Following Characteristics as Being

Question 194

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Identify (by code letter)each of the following characteristics as being an advantage of ,a disadvantage of ,or not applicable to the corporate form of business.

Premises:
Separate legal entity
Ease of capital generation
Continuous existence
Professional management
Unlimited liability
Taxable entity resulting in double taxation
Lack of mutual agency
Government regulation
Mutual agency
Ease of transfer of ownership
Responses:
not applicable
advantage
disadvantage

Correct Answer:

Separate legal entity
Ease of capital generation
Continuous existence
Professional management
Unlimited liability
Taxable entity resulting in double taxation
Lack of mutual agency
Government regulation
Mutual agency
Ease of transfer of ownership
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