A Disadvantage of an S Corporation Is Unlimited Personal Liability

question 38

True/False

A disadvantage of an S corporation is unlimited personal liability, very similar to the liability in a sole proprietorship.

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Definitions:

Low Cost Rewards

Incentives offered by organizations that have minimal financial impact but can significantly boost employee morale and motivation.

Recognition And Praise

Acknowledgment and appreciation shown towards individuals for their achievements or contributions, often used as a motivational tool.

Herzberg

A reference to Frederick Herzberg, a psychologist best known for introducing the two-factor theory of motivation, contrasting hygiene factors with motivators.

Dissatisfiers

Factors that, when present, can cause dissatisfaction among employees or customers, but their absence doesn't necessarily lead to satisfaction; often related to basic expectations.