All of the Following Are Advantages to Organizing as a Corporation

question 64

Multiple Choice

All of the following are advantages to organizing as a corporation EXCEPT

• A) limited liability.
• B) double taxation.
• C) easy access to capital.
• D) easy to transfer ownership.

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Definitions:

Delay of Gratification

The ability to resist the temptation for an immediate reward and wait for a later, often greater, reward.

Shorthand Term

A brief, abbreviated word or phrase used as a simplified representation of a longer or more complex term.

Life-or-Death Situations

Circumstances or events that have the potential to result in death if not properly managed or averted.

Social Networks

Platforms or systems where individuals interact, share information, or socialize online, as well as the offline networks of personal or professional relationships.