Which of the Following Is an Advantage of Corporations Relative

question 103

Multiple Choice

Which of the following is an advantage of corporations relative to partnerships and sole proprietorships?

• A)Reduced legal liability for investors
• B)Harder to transfer ownership
• C)Lower taxes
• D)Most common form of organization

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Definitions:

External Environment

The external forces that affect an organization's performance, including economic, technological, socio-cultural, and political factors.

Economic Conditions

Refers to the current state of the economy, characterized by factors like unemployment rates, inflation levels, and GDP growth.

Labor Markets

The supply and demand dynamics of available work and workers, influencing employment levels, wages, and working conditions.

Maquiladoras

Factories located in Mexico run by foreign companies that import materials on a duty-free and tariff-free basis for assembly or manufacturing and then export the assembled product.