Next to the following list of eight characteristics of business organizations, select a brief description of how encil characteristic applies to corporations Descriptions Character 1. Government regulation 2. Legal status 3. Mutual agency 4. Owner authority and control 5. Owner liability 6. Tax status of income 7. Transferability of ownership 8. Ability to raise large capital amounts Easily bought and sold High ability Next to the following list of eight characteristics of business organizations, select a brief description of how encil characteristic applies to corporations Descriptions Character 1. Government regulation 2. Legal status 3. Mutual agency 4. Owner authority and control 5. Owner liability 6. Tax status of income 7. Transferability of ownership 8. Ability to raise large capital amounts Easily bought and sold High ability