Which of the Following Statements Is CORRECT

question 4

Multiple Choice

Which of the following statements is CORRECT?

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

Constitutionality

The quality of being in accordance with a country's constitution or being permissible under its constitutional law.

Handsome Lake

A Seneca religious leader of the Iroquois people in the late 18th and early 19th centuries, who advocated for moral reform and introduced the Longhouse Religion.

Iroquois Confederacy

A union of several Native American tribes in the northeastern United States, known for their influence on democratic practices and their role in American history.

European-Style

Referring to something, such as design, fashion, or cuisine, that is characteristic of or influenced by European traditions and cultures.