Which of the Following Statements Is CORRECTσ

question 35

Multiple Choice

Which of the following statements is CORRECTσ

• A) most businesses (by number and total dollar sales) are organized as partnerships or proprietorships because it is easier to set up and operate in one of these forms rather than as a corporation. however, if the business gets very large, it becomes advantageous to convert to a corporation, mainly because corporations have important tax advantages over proprietorships and partnerships.
• B) due to limited liability, unlimited lives, and ease of ownership transfer, the vast majority of u.s. businesses (in terms of number of businesses) are organized as corporations.
• C) most business (measured by dollar sales) is conducted by corporations in spite of large corporations' often less favorable tax treatment, due to legal considerations related to ownership transfers and limited liability.
• D) large corporations are taxed more favorably than sole proprietorships.
• E) corporate stockholders are exposed to unlimited liability.

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Definitions:

Holland's Model

A theory of career and vocational choice based upon personality types, suggesting that people are happiest in work environments that match their personal interests and characteristics.

Personality Types

Various classifications of human personalities based on psychological theories, often used to predict or understand behaviors and preferences.

Off-Campus Jobs

Employment opportunities located outside the educational institution, often sought by students.

Campus Career Center

A service provided by educational institutions to help students and alumni with career planning, job searches, and employment resources.