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Identify (by letter) each of the following chancteristics as being an advantage, a disadvantage, or not applicable to the corporate form of business organization. A=AdvantageD=DisadvantageN=NotApplicatile

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Identify (by letter) each of the following chancteristics as being an advantage, a disadvantage, or not applicable to the corporate form of business organization. A=AdvantageD=DisadvantageN=NotApplicatile Chancteristics 1. Separate legal entity 2. Taxable entity resulting in additional taxes 3. Continuous life 4. Unlimited liability of owners 5. Government regulation 6. Separation of owmership and management 7. Ability to acquire capital 8. Ease of transfer of owriership

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