Which of the Following Statements Is CORRECT

question 46

Multiple Choice

Which of the following statements is CORRECT?

• A) Due to limited liability, unlimited lives, and ease of ownership transfer, the vast majority of U.S. businesses (in terms of number of businesses) are organized as corporations.
• B) Most businesses (by number and total dollar sales) are organized as proprietorships or partnerships because it is easier to set up and operate one of these forms rather than as a corporation. However, if the business gets large, it becomes advantageous to convert to a corporation, primarily because corporations have important tax advantages over proprietorships and partnerships.
• C) Due to legal considerations related to ownership transfers and limited liability, which affect the ability to attract capital, most business (measured by dollar sales) is conducted by corporations in spite of large corporations' less favorable tax treatment.
• D) Large corporations are taxed more favorably than sole proprietorships.
• E) Corporate stockholders are exposed to unlimited liability.

Understand the intention behind the creation of the presidency and its powers as outlined in the U.S. Constitution.

Identify and describe the expressed powers of Congress as per the U.S. Constitution.

Analyze the design and purpose of the Senate as a check against excessive democracy.

Explain the concept of federalism and the distribution of powers between the central government and state governments.

---

Definitions:

Employee Referrals

A recruiting strategy where current employees recommend prospective candidates for jobs within the organization.

Formal Referral Systems

a structured mechanism that encourages existing employees, customers, or partners to recommend qualified candidates for positions within the organization.

Equal Employment Opportunity

Policies and practices that ensure job applicants and employees are not discriminated against on the basis of race, color, religion, sex, national origin, age, or disability.

Private Employment Agencies

Organizations that match employers with job seekers for a fee.