All of the Following Are Advantages of a Corporation Except

question 14

Multiple Choice

All of the following are advantages of a corporation except:

• A) freely transferable ownership.
• B) limited liability.
• C) access to capital markets.
• D) low management costs.

---

Definitions:

Collateral

Assets pledged by a borrower to secure a loan or other credit, and subject to seizure in the event of default.

Credit Obligations

The responsibilities to repay debt incurred through borrowing or credit agreements.

Partially Assembled

Refers to products or goods that have been partially put together but require additional assembly or work to be considered complete.

Raw Logs

Unprocessed timber that has been cut but not yet transformed into lumber or other finished products.