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:

Magma Chamber

A region below a volcano where molten rock (magma) accumulates.

Molten Rock

Rock heated to a liquid state by extreme temperatures, found in the Earth's mantle and crust, also known as magma when underground and lava when it reaches the surface.

Underground Body

A general term for any substantial accumulation of material or geological structure located beneath the Earth's surface.

Pluton

A subsurface magma body or the mass of rock in which it solidifies; synonym: intrusion.