Identify each of the following corporations, proprietorships,and/or patnerships. Some items have more than one answer.
a. distinct legal entity separate from its owners.
b. more than one owner.
c. ownership by stockholders.
d. controlled by a board of directors.
e. legal identity changes when a company is sold.
f. limited liability.
g. mutual agency.
h. access to large amounts of capital.
i. direct taxation of profits.
j. moral hazard usually not a major problem.