Which statement about corporations is FALSE?
A) A corporation could fail without ruining its directors and stockholders.
B) The corporation was not a vital component in the new market economy.
C) A corporation enjoyed special privileges and powers granted in a charter from the government.
D) Corporations were able to raise far more capital than the traditional forms of enterprise.
E) Many Americans distrusted corporate charters as a form of government granted special privilege.
Correct Answer:
Verified
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