Which of the Following Statements About the Professional Corporation Form

question 59

Multiple Choice

Which of the following statements about the professional corporation form of business organization is not true?

• A)The professional employees are liable for their own acts.
• B)Corporations are not restricted by legal requirements, as are smaller sole proprietorships and partnerships.
• C)Tax advantages exist that are related to fringe benefits for the corporation and its employees.
• D)Reorganization of the corporation after a change in shareholders is not necessary.

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Definitions:

Artificial Insemination

A fertility treatment that involves directly inserting sperm into a woman's uterus or cervix to facilitate pregnancy.

Surrogate Motherhood

A form of assisted reproductive technology where a woman agrees to become pregnant and deliver a child for another person or couple.

Surveys Show

Indicate findings or results from questionnaires or polls conducted to gather data.

Sex Generally

The biological and physiological characteristics that define humans as female or male.