Which of the Following Statements Is CORRECT

question 21

Multiple Choice

Which of the following statements is CORRECT?

• A) Corporations are at a disadvantage relative to partnerships because they have to file more reports to state and federal agencies, including the Securities and Exchange Administration, even if they are not publicly owned.
• B) In a regular partnership, liability for the firm's debts is limited to the amount a particular partner has invested in the business.
• C) A fast-growth company would be more likely to set up as a partnership for its business organization than would a slow-growth company.
• D) Partnerships have difficulty attracting capital in part because of their unlimited liability, the lack of impermanence of the organization, and difficulty in transferring ownership.
• E) A major disadvantage of a partnership relative to a corporation as a form of business organization is the high cost and practical difficulty of its formation.

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Definitions:

Self-Serving Bias

The common human tendency to attribute positive events to their own character but attribute negative events to external factors.

Intermediate-acting Insulin

A type of insulin with a delayed onset and longer duration of action, used in diabetes management to control blood sugar levels.

Short-acting Insulin

A type of insulin that starts working shortly after injection and lasts for a few hours, used to control blood sugar levels in diabetes.

Nasogastric Suction

A medical procedure involving the insertion of a tube through the nose into the stomach to remove contents or gas.