Question

pips burrito company, started by mr. pips, began as just a single man operating out of a small stand by the side of the road, but over the years it grew. now, 50 years later, the company is listed on the nyse, something mr. pips might have never imagined possible. the fact that pips burrito company lives on well past the original entrepreneur best characterizes which feature of corporations? a unlimited life b double taxation c unlimited liability d unlimited liability

Explanation:

One of the key features of corporations is their unlimited life. This means the corporation continues to exist regardless of changes in ownership or the departure of the original entrepreneur. Double - taxation is a tax characteristic, not related to the longevity of the entity. Unlimited liability is not a feature of corporations (shareholders have limited liability). Limited liability is also not relevant to the idea of the company living past the original entrepreneur.

Answer:

A. Unlimited Life