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.

Outline the phases of counseling described by Savickas and the role of counselors in each.

Understand and differentiate between product costs and period costs.

Calculate total product and period costs based on production or sales units.

Compute variable and fixed costs per unit and in total.

---

Definitions:

Concentration

In chemistry, the measure of the amount of a given substance contained in a unit volume of a liquid or solid material.

Dissolved

The process by which a solid becomes incorporated into a liquid to form a solution.

Conjugated Bilirubin

A form of bilirubin that is water soluble and has been processed by the liver, making it a useful measure of liver function and health.

Red Blood Cell

A type of blood cell that is responsible for carrying oxygen throughout the body.