Which of the Following Forms of Business Ownership Has the Following

question 55

Multiple Choice

Which of the following forms of business ownership has the following disadvantages: expensive to start,complex to maintain,and double taxation?

• A) Sole proprietorship
• B) Partnership
• C) Corporation
• D) Closely held corporation

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Definitions:

Social Trend

A general direction in which society’s behavioral patterns, attitudes, and preferences evolve over time.

Artificial Intelligence

The simulation of human intelligence in machines that are programmed to think like humans and mimic their actions.

Marketing Efforts

Actions or initiatives taken by a company to promote its products or services and reach its target market.

Companies

Legal entities formed by individuals, stockholders, or shareholders with the purpose of conducting commercial or industrial enterprise.