Which of the Following Statements Is CORRECT

question 28

Multiple Choice

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.

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Definitions:

Erving Goffman

A sociologist known for his work on symbolic interactionism and the study of social interactions, especially in everyday situations.

Symbolic Interactionism

A sociological theory that focuses on the interactions among individuals based on mutually understood symbols, emphasizing the subjective meanings of human acts.

Poststructuralism

An intellectual movement that critiques structures, identities, and binaries established by structuralism, emphasizing the instability of meaning and the complexity of power dynamics.

Postmodernism

An intellectual stance or mode of discourse defined by an attitude of skepticism toward what it describes as the grand narratives and ideologies of modernism, as well as opposition to epistemic certainty and the stability of meaning.