Which of the Following Statements Is CORRECT

question 21

Multiple Choice

Which of the following statements is CORRECT?

• A) Corporations are at a disadvantage relative to partnerships because they have to file more reports to state and federal agencies, including the Securities and Exchange Administration, even if they are not publicly owned.
• B) In a regular partnership, liability for the firm's debts is limited to the amount a particular partner has invested in the business.
• C) A fast-growth company would be more likely to set up as a partnership for its business organization than would a slow-growth company.
• D) Partnerships have difficulty attracting capital in part because of their unlimited liability, the lack of impermanence of the organization, and difficulty in transferring ownership.
• E) A major disadvantage of a partnership relative to a corporation as a form of business organization is the high cost and practical difficulty of its formation.

---

Definitions:

Cultural Pluralism

The coexistence of diverse cultures, where cultural differences are accepted and appreciated by the majority society.

Stereotyping

The act of assigning a fixed, oversimplified image or idea to a person or group, often based on limited information.

Xenophobia

A fear or hatred of strangers or foreigners, often manifesting in discriminatory attitudes or behaviors.

Culture

A collection of common beliefs, objectives, values, and behaviors that defines the essence of a group, organization, or institution.