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:

Legitimate Power

A form of authority where power is exercised through formal or official positions within an organizational hierarchy.

Status Differentials

The variations in prestige, authority, or rank among members within a social group or organization.

Polite Request

A respectfully framed appeal or petition made to someone.

Legitimate Power

Authority that is officially granted to a leader or manager by an organization, recognized as rightful by those who are governed by it.