Which of the Following Statements Is CORRECTσ

question 15

Multiple Choice

Which of the following statements is CORRECTσ

• A) it is usually easier to transfer ownership in a corporation than it is to transfer ownership in a sole proprietorship.
• B) corporate shareholders are exposed to unlimited liability.
• C) corporations generally face fewer regulations than sole proprietorships.
• D) corporate shareholders are exposed to unlimited liability, and this factor may be compounded by the tax disadvantages of incorporation.
• E) shareholders in a regular corporation (not an s corporation) pay higher taxes than owners of an otherwise identical proprietorship.

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Definitions:

Organizational Culture

The shared values, beliefs, and practices that influence the way members of an organization interact with each other and with stakeholders outside the organization.

Inherent Beliefs

Deeply rooted thoughts or convictions considered to be an essential part of one's character or personality, often influencing behavior and perspective.

Assumptions

Accepted beliefs or statements taken for granted without proof.

Values

Enduring beliefs that a specific mode of conduct or end state of existence is personally or socially preferable to an opposite or converse mode of conduct or end state of existence.