Question
Which of the following is not considered as the advantage of a company structure? a. A company is a legal entity distinct from the owners,
Which of the following is not considered as the advantage of a company structure?
a. | A company is a legal entity distinct from the owners, which enables it to conduct its operations in its own name. | |
b. | There can be conflict of interest between those who own the company (shareholders) and those who make decisions on their behalf (managers). | |
c. | The shareholders of most companies have limited liability. | |
d. | A company has an indefinite life, unlike a sole proprietorship or partnership, its existence and operations are unaffected by the death or retirement of its owners. |
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