Which of the Following Is an Advantage of Corporations Relative

question 103

Multiple Choice

Which of the following is an advantage of corporations relative to partnerships and sole proprietorships?

• A)Reduced legal liability for investors
• B)Harder to transfer ownership
• C)Lower taxes
• D)Most common form of organization

---

Definitions:

Developing Countries

Countries characterized by their lower industrialization levels, decreased living standards, and a lesser Human Development Index in comparison to developed nations.

Technologically Backward

Description for entities or economies that have not adopted modern technologies or practices, resulting in lower efficiency and productivity.

Existing Technologies

The current set of tools, machinery, equipment, and processes used in the production of goods or services.

New Knowledge

Information or understanding that is novel and not previously known, contributing to the advancement of a field or solving of a problem.