Which of the Following Statements Is False

question 205

Multiple Choice

Which of the following statements is false?

• A)Corporations can issue stocks and bonds, while proprietorships cannot.
• B)Corporations have one owner, while proprietorships have many owners.
• C)Corporations face more taxes than do proprietorships.
• D)Proprietorships have unlimited liability while corporations have limited liability.

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Definitions:

Annual Budget

A financial document used to project future income and expenses over the course of a year.

Pie Chart

A circular statistical graphic divided into slices to illustrate numerical proportion, where the arc length of each slice corresponds to the quantity it represents.

Pictogram

Chart that portrays data as symbols instead of words or numbers.

Surface Chart

Form of line chart with a cumulative effect; all the lines add up to the top line, which represents the total.