Which of the Following Are Advantages of the Corporate Form

question 38

Multiple Choice

Which of the following are advantages of the corporate form of business ownership?
I.limited liability for firm debt
II.double taxation
III.ability to raise capital
IV.unlimited firm life

• A)I and II only
• B)III and IV only
• C)I, III, and IV only
• D)II, III, and IV only
• E)I, II, III, and IV

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Definitions:

Racial Distinctions

The categorization of people based on perceived physical differences, often used to justify unequal treatment or social status.

Symbolic

Pertains to the use or involvement of symbols; often related to how symbols represent, signify, or stand for ideas, values, or concepts in society.

Emotional

Pertaining to feelings or affective states that influence an individual's behavior, thought processes, and social interactions.

Cultural Differences

The variations in the practices, customs, and perspectives of different societies or groups of people.