Advantages of a Corporation Include

question 68

Multiple Choice

Advantages of a corporation include:

• A)difficulty in raising large sums of capital.
• B)double taxation of distributed profits.
• C)limited liability of the stockholders for the corporation's debts.
• D)each stockholder can conduct business in the name of the corporation.

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Definitions:

United States

A nation situated in North America, recognized for its vast economy and varied populace.

Quantity Demanded

The aggregate quantity of a product or service that buyers are prepared to buy at a specified price within a certain timeframe.

Imports

Goods or services brought into a country from abroad for sale.

Equilibrium

A situation in a market where demand equals supply, and there is no tendency for the quantities supplied and demanded to change.