Which of the Following Statements Is CORRECT

question 22

Multiple Choice

Which of the following statements is CORRECT?

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

Stepwise Mechanism

A chemical reaction pathway that occurs in multiple stages, with each step having its own transition state and intermediate.

Reaction

A process in which substances interact to form new substances with different chemical compositions and properties.

Major Organic Product

The predominant product formed in a chemical reaction under given conditions, emphasizing its relevance in synthetic chemistry.

Haloalkane

Haloalkanes are organic compounds where one or more hydrogen atoms in an alkane are replaced by halogen atoms (fluorine, chlorine, bromine, or iodine).