Corporation Characteristics a. Name three characteristics of a corporation. b. Explain

Chapter 21, Problem 1

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QUESTION:

Corporation Characteristics

a. Name three characteristics of a corporation.

b. Explain the difference between a closely held corporation and a publicly held corporation.

Questions & Answers

QUESTION:

Corporation Characteristics

a. Name three characteristics of a corporation.

b. Explain the difference between a closely held corporation and a publicly held corporation.

ANSWER:

                                                                 Step 1 of 3

A corporation is the type of business in which more than one partner is involved in the conduct of the business as owners.

                                                                 

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