Question

The growth of business led to the development of a new type of business organization called the corporation. Which of

the following was a ccharacteristic of a corporation?

Answer 1

None of the company's stockholders was legally responsible if the company went bankrupt.

Step-by-step explanation:

A business corporation is a business structure that is owned by shareholders and have board directors that oversee the running of the business.

One of the characteristics of a business corporation is that none of the company's stockholders was legally responsible if the company went bankrupt.