Which of the Following Statements Is Most Correct

question 37

Multiple Choice

Which of the following statements is most correct?

• A)An advantage to incorporation is that it allows for less regulation of the business.
• B)An advantage of a corporation is that it is subject to double taxation.
• C)Unlike a partnership,a disadvantage of a corporation is that has limited liability.
• D)Corporations face more regulations when compared to partnerships.

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Definitions:

Investment Tax Credit

Investment tax credit is a tax incentive that reduces the tax liability of businesses for specific investments in assets or projects, encouraging capital investment.

Aggregate Supply

The total amount of goods and services that producers are willing and able to supply at different price levels in an economy over a specific time period.

Aggregate Demand

Total requirement for all products and services in an economy, factored at a certain overall price level during a designated period.

Price Level

The economy's wide-ranging average of prices for every produced good and service.