Compared to Partnerships and Sole Proprietorships, a Major Advantage of the Conventional

question 254

Multiple Choice

Compared to partnerships and sole proprietorships, a major advantage of the conventional (C) corporation as a form of business ownership is that it

• A) has the ability to raise more money.
• B) is easier and less expensive to form.
• C) qualifies for simplified tax treatment.
• D) creates unlimited liability for its owners.

---

Definitions:

Real Culture

The actual behavior patterns, customs, and norms that characterize the everyday life of a society, as opposed to idealized cultural standards.

Ideal Culture

The values, norms, and behaviors that a culture professes to hold, often representing societal goals rather than actual practices.

Subculture

A group within a larger culture that has its own distinct values, practices, and beliefs.

Dominant Culture

The prevailing culture in a given society, which holds the majority of power and is widely accepted and practiced.