ethics civics MCQ #599

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

ethics civics MCQ #599

  1. Question 1

    Q1. The modern corporation has four characteristics. These are limited liability, legal personality, centralized management and:

    • A) Fiduciary duty
    • B) Stakeholders
    • C) Shareholders
    • D) Transferability

    Answer: Transferability

    Explanation: The four defining characteristics of the modern corporation are limited liability, legal personality, centralized management, and transferability of shares, which allows ownership to change without affecting the entity.