Which of the Following Statements Is CORRECT

question 32

Multiple Choice

Which of the following statements is CORRECT?

• A) One of the advantages of the corporate form of organization is that it avoids double taxation.
• B) It is easier to transfer one's ownership interest in a partnership than in a corporation.
• C) One of the disadvantages of a sole proprietorship is that the proprietor is exposed to unlimited liability.
• 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.

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Definitions:

Engaged-Followership Model

A leadership approach emphasizing the importance of active, committed, and responsible followers in the leadership process, advocating for a collaborative and participative dynamic.

Agentic Theory

A concept suggesting that individuals act as agents of their own lives, making choices and executing actions within the framework of social structure.

Obedience

Compliance with an order, request, or law or submission to another's authority.

Kelman's Three-Stage Theory

A social psychological theory outlining three processes of attitude change: compliance, identification, and internalization.