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NEW QUESTION: 1
Jennifer wants to form a corporation that will develop software. As she studies the pros and cons of a corporation entity, she learns that there are four distinct characteristics of a corporation. Which of the following is NOT a characteristic of a corporation?
A. Ownership of the corporation can be transferred by selling stock.
B. There is not a central management structure.
C. Liability is limited to the assets of the corporation.
D. Life of the corporation can extend beyond the life of the founder.
Answer: B
Explanation:
Explanation/Reference:
Answer option C is correct.
A corporation does have a central management structure called the board of directors for the company.
The board of directors establishes the mission, vision, and management direction for the structure.
Answer option A is incorrect. Liability is limited to the assets of the company, not its owners.
Answer option B is incorrect. Corporations can continue to exist beyond the life of its founder.
Answer option D is incorrect. Stock and shares of the company technically transfer ownership of the company to other people. These shareholders can sell and trade the stock if they'd like.
Reference: Professional in Human Resources Certification Study Guide, Sybex, ISBN: 978-0-470-43096-5.
Chapter Four: Workforce Planning and Employment. Official PHR and SPHR Certification Guide, HR Certification Institute, ISBN: 978-1-586-44149-4, Section III, The US Body of Knowledge.
Chapter: Workforce Planning and Employment
Objective: Global Considerations
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A customer has an enterprise data center and wants to deploy two physical hosts with internal disks at each
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B. VMware Storage Appliance with three physical servers
C. vSAN with two physical hosts and nested witness node placed in the central management location
D. vSAN with two physical hosts and nested witness node on top of them
Answer: A
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