A Corporation Is Viewed as Being Capable of Remedying Many

question 19

Multiple Choice

A corporation is viewed as being capable of remedying many of the shortcomings found in the sole proprietorship or partnership business forms.Which of the following would a business law professor most likely indicate as the source of this capability?

• A) because it is an easily formed business entity
• B) because none of the corporation's assets are at risk
• C) because some of the owners' assets are at risk
• D) because of its existence as a separate legal entity

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Definitions:

State Unemployment Compensation Tax

A tax imposed by state governments on employers to fund unemployment benefits for workers who have lost their jobs.

Time-and-a-half

This refers to a pay rate that is one and a half times the regular rate, typically paid for overtime or hours worked beyond the standard workweek.

Hourly Wage Rate

The amount of money paid for each hour of work performed by an employee.

Unemployment Tax

A tax that employers pay to the government to fund unemployment benefits for workers who lose their jobs.