Advantages of a Corporation Include

question 113

Multiple Choice

Advantages of a corporation include:

• A) a single owner.
• B) the double taxation of distributed profits.
• C) limited liability of the stockholders.
• D) mutual agency.

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Definitions:

Financial Account Deficit

A situation where the value of a country's imports of financial assets exceeds its exports over a given period.

Current Account Surplus

Occurs when a country's total exports of goods, services, and transfers exceed its total imports.

Financial Account Deficit

A situation where a country's financial outflows to other countries exceed the inflows from them.

Current Account Surplus

A situation where a country's earnings from exports exceeds its spending on imports, leading to net positive income from foreign transactions.