Bertrand Runs a Small Moving Company as a Sole Proprietorship

question 63

Multiple Choice

Bertrand runs a small moving company as a sole proprietorship and is considering operating his business through a corporation.What is a disadvantage of the corporation as a business form that Bertrand should consider before proceeding?

• A) It is difficult to transfer ownership.
• B) Its shareholders cannot be directors.
• C) There are higher costs associated with filing fees and legal costs.
• D) It has entirely secured debt arrangements.

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Definitions:

Organizational Commitment

The level of loyalty, involvement, and attachment a member has towards their organization, influencing their willingness to continue employment.

Diversity

The presence of differences within a given setting, including race, ethnicity, gender, age, and other attributes.

Development Of Prejudice

The process through which individuals form prejudiced attitudes or beliefs based on stereotypes, often leading to biased judgment and discrimination.

Subtle Discrimination

Forms of discrimination that are less direct or overt, often embedded in social norms or practices.