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A legal entity with limited liability, an unlimited life span, an elected board and an administrative staff is a:

ACooperative
BConsulate
CConstituency
DConservatory
Answer & Solution
Correct answer: A. Cooperative
1. It borrows corporate features. 2. Members own it together. 3. It is a cooperative. _Source: OpenStax Introduction to Business, Chapter 4, Forms of Business Ownership._
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