Which of the Following Statements About the Corporate Form of Business

question 127

Multiple Choice

Which of the following statements about the corporate form of business organization is true?

• A) The corporate form has the disadvantage of double taxation relative to a sole proprietorship.
• B) The corporate form is preferred over the sole proprietorship because a corporation is easier to form and faces less regulation.
• C) Sole proprietorships are the most common form of business organization because liability is limited to the amount invested in the business by the sole proprietor.
• D) The corporate form has the advantage of unlimited liability.

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Definitions:

Peripheral Intravenous Catheter

A specific type of intravenous catheter placed in a peripheral vein, commonly used for short-term intravenous therapies.

Eating Utensil

Tools used during eating, such as forks, knives, and spoons, designed to aid in the process of consuming food.

Bleach Solution

A diluted mixture of water and bleach commonly used for disinfection and cleaning purposes.

Personal Protective Equipment (PPE)

Equipment worn to minimize exposure to hazards that cause serious workplace injuries and illnesses.