Which of the Following Is/are an Advantage of Incorporation

question 25

Multiple Choice

Which of the following is/are an advantage of incorporation?

• A)Access to capital markets
• B)Limited liability
• C)Unlimited life
• D)All of the above

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Definitions:

FOB Shipping Point

A shipping term indicating that the buyer assumes all costs and risks of loss or damage to the goods once they are shipped by the seller.

Ending Inventory

The total value of goods available for sale at the end of an accounting period, calculated as the beginning inventory plus purchases minus cost of goods sold.

Delivery Expense

The cost incurred by a company to transport its goods to customers, including freight and shipping fees.

Merchandising Business

A type of business that purchases goods for resale to customers at a profit, primarily selling products rather than services.