PU-MET : Panjab University MBA Entrance Exam with MCQ Answers 2022

Practice Mode:
33.

Which of the following items is NOT a characteristic of a corporation?

A: It is legally obliged to distribute all profits to shareholders
B: It can incur debt that is an obligation of the corporation but not of its individual owners
C: It is an entity separate from the individuals who own it
D: It can enter into contracts

The answer is: A