A Factor Which Distinguishes the Corporate Form of Organization from a Sole

question 57

Multiple Choice

A factor which distinguishes the corporate form of organization from a sole proprietorship or partnership is that a

• A) corporation is organized for the purpose of making a profit.
• B) corporation is subject to more federal and state government regulations.
• C) corporation is an accounting economic entity.
• D) corporation's temporary accounts are closed at the end of the accounting period.

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Definitions:

Benefit Reductions

The act of decreasing the amount or scope of the benefits (such as health insurance, retirement pensions) provided to employees by an employer.

Harassment

Behavior that is intimidating, hostile, or offensive to another person, often in the workplace or social setting.

Demotion

The act of lowering an employee's rank or position, usually as a disciplinary measure or due to organizational restructuring.

Discharge

The termination of an employee's job position by the employer, often for cause such as misconduct or poor performance.