The Company Is the Most Common Form of Business Structure

question 32

Multiple Choice

The company is the most common form of business structure because it offers a number of advantages over the partnership.The most important advantage is:

• A)The ease and low cost of its formation.
• B)The privacy it offer in terms of low level of disclosure required to government etc.
• C)Limited liability.
• D)The opportunity it offers investors and creditors to choose from multiple borrowers.

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Definitions:

John Watson

An American psychologist who established the psychological school of behaviorism, emphasizing the study of observable behavior and the role of the environment as a determinant of behavior.

Behaviorism

Watson’s view that science must study observable behavior only and investigate relationships between stimuli and responses.

Tabula Rasa

A theory that individuals are born without built-in mental content, and that all knowledge comes from experience or perception.

John Locke

An English philosopher and physician, widely regarded as one of the most influential Enlightenment thinkers and commonly known as the "Father of Liberalism."