Which of the Following Statements Best Describes Firm Organization

question 44

Multiple Choice

Which of the following statements best describes firm organization?

• A)It is usually easier to transfer ownership in a corporation than it is to transfer ownership in a sole proprietorship.
• B)Corporate shareholders are exposed to unlimited liability.
• C)Corporations generally face fewer regulations than sole proprietorships.
• D)Corporate shareholders are exposed to unlimited liability, and this factor may be compounded by the tax disadvantages of incorporation.

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Definitions:

Vitamins

Organic compounds that are essential in small quantities for the body's normal growth and activity.

Diet

The kinds of food that a person, animal, or community habitually eats, often tailored for health, religious, ethical, or weight-control reasons.

Minerals

Naturally occurring inorganic substances with a definite chemical composition and crystalline structure, essential for human health.