Which of the Following Statements Is CORRECT

question 17

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 estockholder 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:

Buyers

Buyers are individuals or entities that purchase goods or services in the marketplace.

Sellers

Entities or people presenting items or services to be sold within the market.

Rent Control

Rent control is a government policy or regulation that sets a limit on how much landlords can charge for leasing apartments or houses, aimed at making housing more affordable.

Quantity Supplied

The amount of a good or service that producers are willing and able to sell at a given price within a specific time period.