The modern corporation has four characteristics. These are limited liability, legal personality, centralized management and:

Related MCQs

• In large corporations, the is/are the legal overseers of management.
• The position is that a corporation can and should be evaluated not only in terms of its financial bottom line, but also in terms of its environmental bottom line and its social/ethical bottom line.
• Owners of stock in a corporation are only liable for .
• What makes a corporation distinct from a partnership?
• The term 'asymmetry of information' means information in a corporation is:
• Which act provides sweeping new legal protection for employees who report possible securities fraud making it unlawful for companies to “discharge, demote, suspend, threaten, harass, or in any other manner discriminate against” them?
• External audit of the accounts of a limited company is required?
• A director of a limited company may not be liable for wrongful trading if he or she
• External audit of the accounts of a limited company is required
• A director of a limited company may not be liable for wrongful trading if he or she