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

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Definitions:

Age Analysis

A method of examining data to categorize or understand trends within certain age groups.

Encounter Form

A form that combines the charges for services rendered, an invoice for payment or insurance copayment, and all the information for submitting an insurance claim; also known as a superbill.

Charges for Services

The costs associated with healthcare services, procedures, and treatments that are billed to patients or insurance companies.

Accounts Receivable

Represents the money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.