Corporations Have the Disadvantage of (I) Double Taxation; (Ii) Unlimited

question 56

Multiple Choice

Corporations have the disadvantage of (i) double taxation; (ii) unlimited liability.

• A)i and ii 
• B)i not ii 
• C)ii not i 
• D)neither i nor ii

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Definitions:

Liberalism

A political and moral philosophy based on liberty, consent of the governed, and equality before the law.

John Locke

was a 17th-century English philosopher and political theorist, known for his contributions to liberal theory and the social contract, influencing modern political thought and the American Founding Fathers.

Suffrage

The right to vote in political elections, often discussed in the context of movements to extend this right to all adult citizens.

Eighteenth-Century American Colonies

Refers to the British colonies in North America during the 1700s before gaining independence, characterized by economic diversity and the beginnings of colonial resistance.