Unlike a Sole Proprietorship, a Corporation

question 97

Multiple Choice

Unlike a sole proprietorship, a corporation:

• A) avoids the undesirable possibility of double taxation of earnings.
• B) does not require the articles of incorporation to set up the company.
• C) is considered to be a legal entity that is separate and distinct from its owners.
• D) is a voluntary agreement under which two or more people act as co-owners.

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Definitions:

Request for Proposal

A document issued by an organization to solicit proposals from potential suppliers or service providers, part of the procurement process.

Sales Training

Education and training programs aimed at improving the skills and techniques of sales personnel.

Resource Perspective

A viewpoint that focuses on the allocation, optimization, and management of resources within an organization to achieve its objectives.

Error-Management Training

A training approach that focuses on teaching individuals how to manage and learn from mistakes, rather than simply avoiding them.