1. List and describe the four corporate characteristics.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Business organization can be defined as an entity which is formed in order to carry out commercial trading activities. The structure of a business organization depends upon the type of business entity. An entity can be of different types. Some of the common forms of business organizations are corporate organization (company), partnership, sole proprietorship, joint venture, etc.
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