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