The Company Is the Most Common Form of Business Structure

question 26

Multiple Choice

The company is the most common form of business structure because it offers a number of advantages over the partnership.The most important advantage is:

• A)the ease and low cost of its formation.
• B)the privacy it offers in terms of low level of disclosure required to government and so on.
• C)limited liability.
• D)the opportunity it offers investors and creditors to choose from multiple borrowers.

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Definitions:

Affordable Care Act

A comprehensive healthcare reform law enacted in 2010 aimed at increasing health insurance coverage and reducing healthcare costs.

Medicare Taxes

Taxes deducted from workers' paychecks to fund the Medicare program, which provides healthcare benefits to eligible elderly and disabled individuals.

Provision

A clause in a legal document or law that stipulates a particular requirement or action.

Unemployment Benefits

Financial payments provided by the government to individuals who are unemployed through no fault of their own and meet other eligibility requirements.