please select the right answer for each characteristic.

Next to the following list of eight characteristics of business organizations, select a brief description of how each characteristic applies to corporations Descriptions Separate legal entity Corporate income is taxed Characteristic 1. Owner authority and control 2 Ease of formation 3. Transferability of ownership 4. Ability to raise large capital amounts 5. Duration of life 6. Owner liability 7. Legal status 8. Tax status of income High ability Limited One vote per share Readily transferred Next to the following list of eight characteristics of business organizations, select a brief description of how each characteristic applies to corporations Descriptions Separate legal entity Characteristic 1. Owner authority and control 2. Ease of formation 3. Transferability of ownership 4. Ability to raise large capital amounts 5. Duration of life 6. Owner liability 7 Legal status 8. Tax status of income One vote per share Readily transferred Requires government approval Separate legal entity Unlimited