To answer the question, we need to fill in the blank with the correct term that illustrates the relationship in a corporation where ownership is distinct from the entity itself.

### Analysis of Options
1. **Debt**: This refers to the obligations a corporation has, which does not directly relate to the separation of ownership and its life.
2. **Taxation**: While taxation is an important aspect of corporate structure, it does not directly explain why a corporation has unlimited life.
3. **Management**: This relates to the administration of the corporation but does not emphasize the separation of ownership.
4. **Profitability**: Profitability refers to the financial gain of the corporation, which doesn't pertain to its life span or structure.

### Best Fit
The most fitting term that emphasizes the separation between ownership and the life of a corporation is **"management."** In a corporation, the management can run the business independently of the shareholders, which allows the corporation to continue existing beyond the involvement of its owners.

### Final Answer
Since **management** and ownership are separated, a corporation's life is unlimited.

Question

To answer the question, we need to fill in the blank with the correct term that illustrates the relationship in a corporation where ownership is distinct from the entity itself.

### Analysis of Options
1. **Debt**: This refers to the obligations a corporation has, which does not directly relate to the separation of ownership and its life.
2. **Taxation**: While taxation is an important aspect of corporate structure, it does not directly explain why a corporation has unlimited life.
3. **Management**: This relates to the administration of the corporation but does not emphasize the separation of ownership.
4. **Profitability**: Profitability refers to the financial gain of the corporation, which doesn't pertain to its life span or structure.

### Best Fit
The most fitting term that emphasizes the separation between ownership and the life of a corporation is **"management."** In a corporation, the management can run the business independently of the shareholders, which allows the corporation to continue existing beyond the involvement of its owners.

### Final Answer
Since **management** and ownership are separated, a corporation's life is unlimited.

Knowee AI · Accepted Answer

To answer the question, we need to fill in the blank with the correct term that illustrates the relationship in a corporation where ownership is distinct from the entity itself.

### Analysis of Options
1. **Debt**: This refers to the obligations a corporation has, which does not directly relate to the separation of ownership and its life.
2. **Taxation**: While taxation is an important aspect of corporate structure, it does not directly explain why a corporation has unlimited life.
3. **Management**: This relates to the administration of the corporation but does not emphasize the separation of ownership.
4. **Profitability**: Profitability refers to the financial gain of the corporation, which doesn't pertain to its life span or structure.

### Best Fit
The most fitting term that emphasizes the separation between ownership and the life of a corporation is **"management."** In a corporation, the management can run the business independently of the shareholders, which allows the corporation to continue existing beyond the involvement of its owners.

### Final Answer
Since **management** and ownership are separated, a corporation's life is unlimited.

Since ________ and ownership are separated, a corporation's life is unlimited.Multiple choice question.debttaxationmanagementprofitability

Question

Since ________ and ownership are separated, a corporation's life is unlimited.

Solution

Analysis of Options

Best Fit

Final Answer

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