Which of the Following Is a Disadvantage Associated with a Corporation

question 47

Multiple Choice

Which of the following is a disadvantage associated with a corporation?

• A) taxation rates compared to those of a sole proprietorship
• B) cost of formation compared to a partnership
• C) unlimited liability
• D) limited life

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Definitions:

Diaphoresis

Excessive sweating often associated with an underlying medical condition or physical exertion.

Deodorant

A substance applied to the body, most commonly the underarms, to prevent or mask body odor caused by the bacterial breakdown of perspiration.

Ear Mold

A custom-fitted device that is inserted in the ear canal to protect the ear or to secure hearing aids in place.

Hearing Aid

An electronic device designed to amplify sound for people with hearing loss.