Jennifer wants to form a corporation that will develop software. As she studies the pros and cons of a corporation entity, she learns that there are four distinct characteristics of a corporation. Which of the following is NOT a characteristic of a corporation?
A) Liability is limited to the assets of the corporation.
B) Life of the corporation can extend beyond the life of the founder.
C) There is not a central management structure.
D) Ownership of the corporation can be transferred by selling stock.
Correct Answer:
Verified
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