Which of the following statements regarding companies is incorrect?
A) A company is a discrete legal entity.
B) Since shares represent ownership in a company, ownership cannot be readily transferred to new owners.
C) A company has a potentially unlimited life.
D) The shareholders' liability is limited.
Correct Answer:
Verified
Q9: If a growing organisation wanted to set
Q10: A corporation:
A) has a widely dispersed ownership
Q11: Which of the following is an advantage
Q12: The actual owners of a company is/are
Q13: Which of the following forms of business
Q15: The _ is/are responsible for conducting the
Q16: When a corporation continues to operate regardless
Q17: When a no-liability company defaults on its
Q18: If a sole proprietorship fails to meet
Q19: The owners of _ face unlimited liability.
A)
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