1. Which of the following is not a major advantage of a corporation?

a) separate legal status

b) continuous life

c) government regulations

d) transferable ownership status

2.) A major disadvantage of a coporation is:

a) limited liability of stockholders

b) additional taxes

c) transferable ownship rights

d) none of the above

3.Which of the following statements is false:

a) Ownership of common stock gives the owner a voting right.

b) the SHE section begins with paid-in-capital.

c) The authorization of capital stock does not result in a JE.

d) Legal capital is intended to protect stockholders.