Compared to Partnerships and Sole Proprietorships,a Major Advantage of the C

question 111

Multiple Choice

Compared to partnerships and sole proprietorships,a major advantage of the C conventional) corporation as a form of business ownership is that it:

• A)Has the ability to raise more money.
• B)Is easier and less expensive to form.
• C)Qualifies for simplified tax treatment.
• D)Creates unlimited liability for its owners.

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Definitions:

Unique

Being the only one of its kind; unlike anything else, often referring to qualities that set someone or something apart from others.

Cultural

Pertaining to the customs, arts, social institutions, and achievements of a particular nation, people, or other social group.

Level of Competition

The intensity of rivalry among businesses in the same industry, which can affect market share, pricing strategies, and innovation efforts.

Price Wars

A competitive strategy involving several companies lowering their prices in an attempt to undercut competitors, potentially leading to lower profit margins for all involved.