Next to the following list of eight characteristics of business organizations, select a brief description of...

 

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Next to the following list of eight characteristics of business organizations, select a brief description of how each characteristic applies to corporations. Characteristic Descriptions 1. Transferability of ownership 2. Ability to raise large capital amounts Easily bought and sold 3. Duration of life High ability 4. Ease of formation 5. Legal status 6. Owner authority and control 7. Owner liability 8. Tax status of income Unlimited Requires government approval Next to the following list of eight characteristics of business organizations, select a brief description of how each characteristic applies to corporations. Characteristic Descriptions 1. Transferability of ownership 2. Ability to raise large capital amounts Easily bought and sold 3. Duration of life High ability 4. Ease of formation 5. Legal status 6. Owner authority and control 7. Owner liability 8. Tax status of income Unlimited Requires government approval

Answer rating: 100% (QA)

Answer 1 Owner authority and control one vote per share readily transferred 2 Ease of formation requ... View the full answer