Which of the Following Are Advantages of the Corporate Form

question 164

Multiple Choice

Which of the following are advantages of the corporate form of ownership?

• A) Limited personal liability and limited firm life.
• B) Ability to raise capital and limited firm life.
• C) Limited personal liability and ability to raise capital.
• D) Ease of ownership transfer and simplicity of company formation.
• E) Simplicity of company formation and the ability to raise capital.

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Definitions:

Biculturalism

What occurs when members of a cultural minority display characteristics of a cultural majority in order to succeed.

Discrimination

The act of making distinctions in treatment or favor on a basis other than individual merit, often leading to unfair practices.

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Distinctive cultures that emerge within different departments, teams, or groups of an organization, often with their own norms and values.

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