[Solved] Which of the following statements is CORRECT? A) It is generally more expensive to form a proprietorship than a corporation because, with a proprietorship, extensive legal documents are required. B) Corporations face fewer regulations than sole proprietorships. C) 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. D) One advantage of forming a corporation is that equity investors are usually exposed to less liability than in a regular partnership. E) 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. Disruption: An interruption or disturbance that significantly alters the expected flow or function of a system, process, or activity, often leading to change or instability. Air Traffic System: A complex network that controls and manages the safe and orderly flow of aircraft in the sky and on the ground. Cyberdeviance: Deviant behaviors or activities conducted through the internet or digital platforms, including cyberbullying and cyberstalking. Child Pornography: Illegal material that visually depicts minors in explicit sexual activities.