Which of the Following Statements Is CORRECT

question 27

Multiple Choice

Which of the following statements is CORRECT?

• A) One of the disadvantages of incorporating your business is that you could become subject to the firm's liabilities in the event of bankruptcy.
• B) Proprietorships are subject to more regulations than corporations.
• C) In any partnership,every partner has the same rights,privileges,and liability exposure as every other partner.
• D) Corporations of all types are subject to the corporate income tax.
• E) Proprietorships and partnerships generally have a tax advantage over corporations.

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Definitions:

Turnover

The rate at which employees leave a company and are replaced by new employees.

Tardiness

The act of being late, particularly referring to late arrival at work or failure to meet deadlines.

Strikes

Work stoppages initiated by employees to pressurize employers into meeting their demands regarding wages, work conditions, or other workplace issues.

Healthy Stress

A level of stress that stimulates an individual to achieve goals, adapt to challenging situations, and maintain optimal performance.