Which of the Following Statements Is CORRECT

question 30

Multiple Choice

Which of the following statements is CORRECT?

• A) Corporations generally face fewer regulations than proprietorships.
• B) Corporate shareholders are exposed to unlimited liability.
• C) It is usually easier to transfer ownership in a corporation than in a partnership.
• D) Corporate shareholders are exposed to unlimited liability,but this factor is offset by the tax advantages of incorporation.
• E) There is a tax disadvantage to incorporation,and there is no way any corporation can escape this disadvantage,even if it is very small.

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Definitions:

Polycythemia

A medical condition characterized by an increased number of red blood cells in the bloodstream.

Psoriasis

A chronic autoimmune skin condition characterized by red, flaky, crusty patches of skin covered with silvery scales.

Pitting

A type of edema where pressure applied to the skin leaves an indentation, often used in clinical assessments for fluid retention.

Paronychia

An infection of the skin around a fingernail or toenail, often appearing red and swollen and can be painful.