Which of the Following Statements Is CORRECT

question 30

Multiple Choice

Which of the following statements is CORRECT?

• A) Corporations generally face fewer regulations than proprietorships.
• B) Corporate shareholders are exposed to unlimited liability.
• C) It is usually easier to transfer ownership in a corporation than in a partnership.
• D) Corporate shareholders are exposed to unlimited liability,but this factor is offset by the tax advantages of incorporation.
• E) There is a tax disadvantage to incorporation,and there is no way any corporation can escape this disadvantage,even if it is very small.

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Definitions:

Social Identity

The “we” aspect of our self-concept; the part of our answer to “Who am I?” that comes from our group memberships.

Postconventional Stage

A phase in moral development where individuals recognize and uphold universal ethical principles that may transcend laws.

Puberty

The developmental phase in humans and other primates marked by the maturation of the reproductive system, leading to reproductive ability.

Adolescents

Individuals in the developmental stage of transition from childhood to adulthood, typically characterized by changes in physical, psychological, and social structures.