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A key advantage of a corporation is that: Answer a. the owners maintain unlimited liability. b. the business is considered an extension of the owner. c. it is easy to form this type of business. d. the owners maintain limited liability.
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Question
Asked 5/3/2012 4:28:24 PM
Updated 10/31/2014 10:45:39 AM
1 Answer/Comment
Flagged by emdjay23 [10/31/2014 10:45:35 AM]
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User: A key advantage of a corporation is that: Answer a. the owners maintain unlimited liability. b. the business is considered an extension of the owner. c. it is easy to form this type of business. d. the owners maintain limited liability.

User: As an artificial person, a(n) _____ can legally engage in almost any business activity a natural person can, including owning property, entering into binding contracts, and initiate legal actions. Answer a. corporation b. enterprise c. sole proprietorship d. partnership .

Question
Asked 5/3/2012 4:28:24 PM
Updated 10/31/2014 10:45:39 AM
1 Answer/Comment
Flagged by emdjay23 [10/31/2014 10:45:35 AM]
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As an artificial person, a CORPORATION can legally engage in almost any business activity a natural person can, including owning property, entering into binding contracts and initiate legal actions.

Added 10/31/2014 10:45:39 AM
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Questions asked by the same visitor
Foreign _____ involves a domestic firm granting a foreign firm the rights to produce, promote, and use its trademark/patents in a defined geographical area. Answer a. outsourcing b. exporting c. licensing d. direct investment
Question
Updated 2/26/2016 10:18:09 PM
1 Answer/Comment
Foreign Licensing involves a firm buying the rights to produce, promote and use the domestic firm’s trademark/ patents in a defined geographical area.
Added 2/26/2016 10:18:09 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [2/27/2016 12:13:38 AM]
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