Which of the Following Statements Is CORRECT

question 31

Multiple Choice

Which of the following statements is CORRECT?

• A) One advantage of forming a corporation is that equity investors are usually exposed to less liability than they would be in a partnership.
• B) Corporations face fewer regulations than proprietorships.
• C) One disadvantage of operating a business as a proprietor is that the firm is subject to double taxation,because taxes are levied at both the firm level and the owner level.
• D) It is generally less expensive to form a corporation than a proprietorship because,with a proprietorship,extensive legal documents are required.
• E) If a 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:

Conduct Disorder

A mental disorder diagnosed in childhood or adolescence characterized by a persistent pattern of disruptive and violent behaviors.

Residential Program

A structured, live-in treatment or support program for individuals dealing with various issues, providing therapy, support, and supervision.

Discharge

The formal release of a patient from a hospital or the release of individuals from a legal or institutional obligation.

Parent-child Interaction Therapy

A therapeutic intervention designed to improve the quality of the parent-child relationship and change negative behavior patterns.