Engineering Economics
Which is true about corporation?

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.
Its life is dependent on the lives of the incorporators.

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Engineering Economics
Which is true about partnership?

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

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