A Business Is Most Likely to Be Characterized as a Corporation

A business is most likely to be characterized as a corporation if:

A) it has two or more owners, with each owner liable for every other owner's actions.
B) it has only one owner.
C) it is legally treated as a person and owned by stockholders who are liable for the actions of the corporate "person" regardless of their investment.
D) each owner is liable only to the extent of his or her own investment.

Correct Answer:

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