Which of the Following Statements Is CORRECT

question 21

Multiple Choice

Which of the following statements is CORRECT?

• A) Corporations are at a disadvantage relative to partnerships because they have to file more reports to state and federal agencies, including the Securities and Exchange Administration, even if they are not publicly owned.
• B) In a regular partnership, liability for the firm's debts is limited to the amount a particular partner has invested in the business.
• C) A fast-growth company would be more likely to set up as a partnership for its business organization than would a slow-growth company.
• D) Partnerships have difficulty attracting capital in part because of their unlimited liability, the lack of impermanence of the organization, and difficulty in transferring ownership.
• E) A major disadvantage of a partnership relative to a corporation as a form of business organization is the high cost and practical difficulty of its formation.

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Definitions:

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A depiction of the birth of Jesus Christ, often displayed during the Christmas season and featuring figures of the infant Jesus, Mary, Joseph, and others.

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An organized group of individuals who share the same beliefs, practices, and rituals pertaining to a specific religion.

Intrinsic Religiosity

A form of religious commitment where beliefs and practices are deeply integrated into an individual's identity and way of life.

Fundamental Needs

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