Which of the Following Statements Best Describes Firm Organization

question 31

Multiple Choice

Which of the following statements best describes firm organization?

• A)One of the disadvantages of a sole proprietorship is that the proprietor is exposed to unlimited liability.
• B)It is generally easier to transfer one's ownership interest in a partnership than in a corporation.
• C)One of the advantages of the corporate form of organization is that it avoids double taxation.
• D)One of the advantages of a corporation from a social standpoint is that every shareholder has equal voting rights, i.e., "one person, one vote."

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Definitions:

Marketing of Services

Strategies and approaches used to promote and sell non-tangible products, such as banking, cleaning, or educational services.

Sustainable Competitive Advantage

A unique advantage that allows a company to outperform its competitors over a long period.

Heterogeneous

Consisting of elements or parts that are different from each other; diverse in character or content.

Procedural Fairness

Refers to the customer’s perception of the fairness of the process used to resolve complaints about service.