Question

A corporation has the following advantages:

1) ____ life,
2) ownership that is easily transferred through exchange of stock,
3) _____ liability, and 4) can _____ raise large amounts of capital to operate large businesses.

a) Limited
b) Unlimited
c) Perpetual
d) Temporary

Answer 1

A corporation enjoys perpetual life, limited liability, the ability to easily transfer ownership via stock, and can easily raise large amounts of capital.

Step-by-step explanation:

A corporation has the following advantages: perpetual life, ownership that is easily transferred through the exchange of stock, limited liability, and the ability to easily raise large amounts of capital to operate large businesses. Therefore, the correct answers are: 1) Perpetual life, 2) ownership that is easily transferred through exchange of stock, 3) Limited liability, and 4) can easily raise large amounts of capital to operate large businesses.