Engineering Economics
Which is true about corporation?

Its life is dependent on the lives of the incorporators.
The minimum number of incorporators to start a corporation is three.
The stock holders of the corporation are only liable to the extent of their investments.
It is worse type of business organization.

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Engineering Economics
Which is true about partnership?

It can be handed down from one generation of partners to another.
Its capitalization must be equal for each partner.
It has a perpetual life.
It will be dissolved if one of the partners ceases to be connected with the partnership.

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