Which of the Following Statements Is CORRECT

question 36

Multiple Choice

Which of the following statements is CORRECT?

• A) One of the disadvantages of incorporating a business is that the owners then become subject to liabilities in the event the firm goes bankrupt.
• B) Sole proprietorships are subject to more regulations than corporations.
• C) In any type of partnership, every partner has the same rights, privileges, and liability exposure as every other partner.
• D) Sole proprietorships and partnerships generally have a tax advantage over many corporations, especially large ones.
• E) Corporations of all types are subject to the corporate income tax.

Comprehend the importance of focusing on business processes to meet customer needs effectively.

Recognize how incentive compensation can be tied to performance measures, including those in a balanced scorecard.

Understand the concept of manufacturing cycle efficiency (MCE) and its calculation.

Understand the categories of performance measures, including financial, customer, internal business processes, and learning and growth.

---

Definitions:

Initiative

The ability to assess and initiate things independently, often used to describe proactive efforts in workplace or project settings.

Measuring HR

The process of evaluating the effectiveness and impact of Human Resource practices and initiatives on an organization's goals.

Human Resource Productivity

The measure of how effectively and efficiently the human capital of an organization is utilized to achieve its goals.

Competitive Measurements

Metrics and benchmarks used by businesses to assess their performance relative to their competitors.