Which of the Following Statements Best Describes Firm Organization

question 36

Multiple Choice

Which of the following statements best describes firm organization?

• A)It is generally more expensive to form a proprietorship than a corporation because a proprietorship requires extensive legal documents.
• B)One disadvantage of operating a business as a sole proprietorship is that the firm is subject to double taxation, at both the firm level and the owner level.
• C)One advantage of forming a corporation is that equity investors are usually exposed to less liability than in a regular partnership.
• D)If a regular partnership goes bankrupt, each partner is exposed to liabilities only up to the amount of his or her investment in the business.

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Definitions:

Self-Concept

The awareness and understanding an individual has of themselves, including beliefs, feelings, and thoughts about one's abilities, appearance, and values.

Emotional Regulation

The process of influencing which emotions one has, when they have them, and how they experience and express these emotions.

Self-Criticism

Self-criticism involves critically assessing one's own actions, decisions, or characteristics, often focusing on perceived flaws or mistakes.

Extrinsic Motivation

The drive to perform actions or engage in activities due to external rewards or pressures rather than for intrinsic satisfaction.