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I've placed all the available options in the right boxes, please only use those options and not any other responses. The only available descriptions to
I've placed all the available options in the right boxes, please only use those options and not any other responses.
The only available descriptions to use is on the bottom right.
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. Legal status 2. Mutual agency 3. Owner authority and control 4. Owner liability 5. Tax status of income 6. Transferability of ownership 7. Ability to raise large capital amounts 8. Duration of life Next to the following list of eight characteristics of business organizations, select a brief description of how each characteristic applies to corporations. Characteristic 1. Legal status 2. Mutual agency 3. Owner authority and control 4. Owner liability 5. Tax status of income Descriptions Entity with similar rights as individual Stockholders cannot bind corporation to contracts Shareholders elect board of directors Not liable for corporation actions or debt Taxed a second time on owner's personal return Easily bought and sold High ability Unlimited 6. Transferability of ownership 7. Ability to raise large capital amounts 8. Duration of lifeStep by Step Solution
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