Which of the Following Statements About the Corporate Form of Business

question 79

Multiple Choice

Which of the following statements about the corporate form of business organization is TRUE?

• A)The corporate form has the disadvantage of double taxation relative to a sole proprietorship.
• B)The corporate form is preferred over the sole proprietorship because a corporation is easier to form and faces less regulation.
• C)Sole proprietorship is the most common form of business organization because liability is limited to the amount invested in the business by the sole proprietor.
• D)The corporate form has the advantage of unlimited liability.

---

Definitions:

Sleep Apnea

A sleep disorder characterized by pauses in breathing or periods of shallow breathing during sleep, often leading to disrupted sleep and daytime tiredness.

Hypertension

A medical condition characterized by consistently high blood pressure, which can increase the risk of heart disease, stroke, and other health problems.

Acute Asthma Event

A sudden and severe exacerbation of asthma symptoms, requiring immediate medical attention to relieve breathing difficulties.

Bronchodilator

A medication that makes breathing easier by relaxing the muscles in the lungs and widening the airways (bronchi).