Which of the following is a characteristic of a public corporation?

A) The lifetime of the organization is limited to the lifetime of the decision-making committee or the Chief Executive Officer, whichever is longer.
B) Profits are taxed as income to corporation and again as income to owners when distributed as dividends.
C) Ownership interests are generally limited to no more than 35 shareholders.
D) Owners can exert control over daily management decisions.

B