Which of the Following Statements Is CORRECT

question 22

Multiple Choice

Which of the following statements is CORRECT?

• A) One of the disadvantages of a sole proprietorship is that the proprietor is exposed to unlimited liability.
• B) It is generally easier to transfer one's ownership interest in a partnership than in a corporation.
• C) One of the advantages of the corporate form of organization is that it avoids double taxation.
• D) One of the advantages of a corporation from a social standpoint is that every stockholder has equal voting rights, i.e., "one person, one vote."
• E) Corporations of all types are subject to the corporate income tax.

---

Definitions:

Developmental Stage

A period in life characterized by specific physical, psychological, and emotional changes.

Generativity

A concern for establishing and guiding the next generation, often expressed through parenting, teaching, mentoring, and contributing to society in a meaningful way.

Self-absorption

Excessive preoccupation with oneself and one's own feelings or affairs.

Drinking Prevention

Efforts and strategies to reduce or prevent the consumption of alcohol, especially underaged drinking or drinking to excess.