Features of investor-owned corporations

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Reference no: EM13289198

Which of the following is not among the key features of investor-owned corporations:

A.) owners of the business are well defined, and they exercise controlof the firm

B.) residual earnings of the business belong to the owners

C.) management is responsible only to the stockholders for the profitability of the firm

D.) investor-owned corporations are exempt from taxation at the local, state, and federal levels

Reference no: EM13289198

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