The Disadvantages of a Company Business Structure Include All of the Following

question 61

Multiple Choice

The disadvantages of a company business structure include all of the following except:

• A)extensive regulatory requirements.
• B)more expensive to establish.
• C)less management flexibility.
• D)mutual agency.

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Definitions:

Banking Day

A business day during which financial institutions are open for business with the public, typically excluding weekends and public holidays.

Calendar Days

The consecutive days on a calendar, including all weekdays and weekend days.

Without Recourse

A term indicating that the seller of an asset is not liable to the buyer for any defects or non-performance.

Indorses

A party who transfers their rights in a negotiable instrument to another party by signing the back of the instrument.