Which of the Following Is an Advantage of Using a Company

question 37

Multiple Choice

Which of the following is an advantage of using a company as a business structure?

• A)Shareholders have limited liability for the debts of the company.
• B)Reporting requirements are minimal.
• C)Directors have limited liability for the actions of the company.
• D)Low establishment cost and ongoing fees.

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Definitions:

Childhood Asthma

A respiratory condition characterized by chronic inflammation of the airways in the lungs, often leading to difficulty breathing, which commonly develops in children.

Masculinization

The process of developing male physical characteristics or role behaviors, typically influenced by hormonal or genetic factors.

Thalidomide

A drug that caused birth defects when used by pregnant women in the 1950s and 1960s, now used under strict controls for some diseases.

Insomnia

A sleep disorder characterized by difficulty falling or staying asleep.