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?

Question

asked Jan 7, 2022 209k views

1 Answer

Kevin Olmats · Answer 1 · 2022-01-13T00:34:27+0000

Answer:

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.