All of the Following Are Disadvantages of Corporations Except

question 165

Multiple Choice

All of the following are disadvantages of corporations except

• A) perpetual life.
• B) double taxation.
• C) lack of secrecy.
• D) expensive formation.
• E) heavy government regulation.

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Definitions:

Commission

A fee or percentage of a transaction value paid to agents or employees for conducting a piece of business or a service.

Sales

The exchange of goods or services for money, representing the primary source of revenue for most businesses.

Commission Only

A payment model where compensation is based solely on the amount of sales or transactions generated, with no base salary.

Additional Commission

Extra earnings given to employees or salespersons on top of their standard commission, often based on reaching a specific target or sales goal.