Next to the following list of eight characteristics of business organizations, select a brief description of how each characteristic applies to corporations.
Characteristic Descriptions
1. Duration of life
2. Legal status
3. Owner liability
4. Transferability of ownership
5. Duration of life
6. Legal status
7. Owner authority and control
8. Tax status of income
Answers: 3
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Next to the following list of eight characteristics of business organizations, select a brief descri...
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