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:

Fixed-Ratio Schedule

A schedule in which reinforcement is provided after a fixed number of correct responses.

Fixed-Interval Schedule

A type of operant conditioning reinforcement schedule where rewards are delivered at fixed intervals of time, provided that the correct response is made.

Contingency Theory

A leadership theory that proposes the effectiveness of a leader is contingent upon how well the leader's style matches the circumstances.

Contact Hypothesis

A theory which posits that under certain conditions, interpersonal contact is one of the most effective ways to reduce prejudice between majority and minority group members.