Characteristics of a Corporation Which of the Following

Stockholders not personally liable for entitys debts. Characteristics of a corporation include d.

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It has perpetual existence.

. TCO A A corporation has which of the following sets of characteristics. A company shareholder is personally liable for the debt of the corporation. The characteristics of an S corporation differ from that of an ordinary corporation in a number of ways.

D Each stockholder has the authority to commit the corporation to a binding contract through his actions. A shareholders liability is limited to the amount he or she paid for the shares. C Corporations experience an ease in obtaining large amounts of resources by issuing stock.

Which of the following characteristics distinguish a multinational corporation. B Ownership is divided into shares of stock. The Important Characteristics or Principles of a Co-operative Organization are listed below.

While it offers the same liability protection as a C corporation an S corporation comes with certain restrictions that can limit its growth potential. Limited liability of stockholders b. A business is an economic activity which includes the purchase sale of goods or rendering of services to earn money.

Shareholders who have limited liability 3. Separate Legal Entity--- A corporation has its own separate legal personality apart from the individual legal identity of its all stockholders. The five main characteristics of a corporation are limited liability shareholder ownership double taxation continuing lifespan and in most cases professional management.

It is not concerned with the achievement of social and emotional objectives. By-laws may provide that the members may hold their meetings at any place outside the place where the principal office of the corporation is located even if that such place is. I Production or Goods Acquisition.

Those most responsible for the major policy decisions of a corporation are the b. The following are the main characteristics of a company or corporation. A A corporation is owned by stockholders.

Double taxation is an advantage of corporations. Is not taxed c. Following are the characteristics or features of business 1 An Economic Activity.

A corporation can sell shares to new investors and larger entities can issue bonds to obtain a significant amount of debt financing. It is able to be sued and to sue. Characteristics of Business 6 Basic Characteristics of a Business Organization.

D A corporations resources are limited to its individual owners resources. Corporations have a number of distinguishing characteristics. A board of investors c.

The corporation is controlled by a single management authority. The most significant of these are. Double taxation of dividends 4.

Under the corporate form of business organization a. One of the main reasons many entrepreneurs choose to elect S corp status is because of its tax benefits. Sole proprietorship partnership corporation a Shared control tax advantages increased skills and resources Simple to set up and maintains control with owner Easier to transfer ownership and raise funds no personal liability Indicate to which business activity.

Check all that apply the cost of the taxable fringe benefit is deductible to the employer not the value of the benefit to the employee. It is managed as an integrated worldwide. Lets look at each of these in turn.

These characteristics are noted below. All of the following are characteristics of a corporation EXCEPT. Employers treat the taxable fringe benefits the same as cash compensation.

Business is interested in every activity that is concerned with the production or purchase of goods for selling this makes it one of the most important characteristics of a business. The following are the characteristics of a non-stock corporation except. Match each of the following forms of business organization with a set of characteristics.

One of the main disadvantages of the corporate form is the b. 1 Answer to Which of the following characteristics best describes a corporation. The corporations resources are limited to what the stockholders can contribute.

Business with a single owner. Easier to transfer ownership and raise funds no. It is a legal entity of its own.

QuestionWhich of the following characteristics best describes a corporation. A Corporations are organized as a seperate legal taxable entity. This is the first cardinal principle of co-operation.

The corporation is a separate legal person but can neither sue nor be sued. Corporation Has Limited Liability. It can be easier for a corporation to acquire debt and equity since it is not constrained by the financial resources of a few owners.

5 Shared control tax advantages increased skills and resources. Ability to Acquire Capital. A person who has a common interest and is prepared to be abide by the rules of the society has the right to join the society as and when he wishes.

Stockholders not personally liable for entitys debts d. The right to vote of members may be limited broadened or even denied in the articles of incorporation or the by-laws. Since the main function performed by a business enterprise is to provide goods for customer satisfaction for a price the supply of goods becomes essential.

C All shares of a corporation must be held by a single individual. Simple to set up and maintains control with the founder. Therefore a corporation is fully enabled by the law to carry on its business in its own name to own property to enter into some business or professional contracts with other.

The stockholders of a corporation have unlimited liability. A business with a single owner b. Following are the basic characteristics of a business organization.

Services for sale include transportation housekeeping and security. The shareholders would be vicariously liable for any damage caused by an employee of the corporation carrying out his or her duties. The corporation can deduct cash dividends as expenses.

B Lenders of a corporation do not have the right to claim the corporations assets to satisfy their obligations. Which of the following characteristics best describes a corporation. Top management is expected to take a global perspective.

Which of the following characteristics apply to taxable fringe benefits. Ownership rights are easily transferred. Limited liability of stockholders d.

Not a separate taxable entity.

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