What Is One of the Drawbacks of Switching from a Partnership

question 61

Multiple Choice

What is one of the drawbacks of switching from a partnership to the corporate form of organization?

• A)It subjects the firm to additional regulations.
• B)It makes it more difficult for the firm to raise additional capital.
• C)It makes the firm's investors subject to greater potential personal liabilities.
• D)It makes it more difficult for the firm's investors to transfer their ownership interests.

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Definitions:

Generalized Other

An abstract composite of social roles and social expectations.

Socialization

The process by which individuals learn and adopt the norms, values, and behaviors appropriate to their society or cultural group, essential for integration and functioning within their community.

Annette Lareau

A sociologist known for her work on social class influences on parenting styles and their impacts on children's lives.

Socialization

The process by which individuals learn and internalize the values, beliefs, and norms of their culture, becoming functioning members of society.