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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?

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jayilych4real

Answer:

None of the company's stockholders was legally responsible if the company went bankrupt.

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.

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