Which of the Following Statements Best Describes Firm Organization

question 11

Multiple Choice

Which of the following statements best describes firm organization?

• A)One of the disadvantages of incorporating a business is that the owners have personal liabilities when firm goes bankrupt.
• B)Sole proprietorships are subject to more regulations than corporations.
• C)In any type of partnership, every partner has the same rights, privileges, and liability exposure as every other partner.
• D)Sole proprietorships and partnerships generally have a tax advantage over corporations, especially large ones.

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Definitions:

Sex Chromosomes

The chromosomes (X and Y) responsible for determining the biological sex of an organism.

Spermarche

The beginning of development of sperm in boys’ testicles at puberty, marking the onset of adolescent fertility.

Testes

The male reproductive glands that produce sperm and the hormone testosterone.

XY

A chromosomal designation for male sex in many organisms, including humans, where males typically have one X and one Y chromosome.