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:

Stereotyping

The act of assigning a fixed set of characteristics to members of a particular group, often oversimplifying individual differences and promoting generalizations.

Robber's Cave Experiment

A study on intergroup conflict and cooperation conducted in 1954 by social psychologist Muzafer Sherif, highlighting the ease of inducing conflict and the effectiveness of superseding goals in reducing it.

Hostility

A state of anger and aggression towards someone or something.

Prejudice

Preconceived opinion or judgment that is not based on reason or actual experience.