Which of the Following Characteristics Is an Advantage of the Corporate

question 111

Multiple Choice

Which of the following characteristics is an advantage of the corporate form of business?

• A)less degree of government regulation
• B)limited liability of stockholders
• C)separation of ownership and management
• D)low start-up costs

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Definitions:

Market Price

The present rate at which a service or asset is available for purchase or sale on the market.

Contract Price

The agreed-upon amount of money one party will pay another in exchange for the fulfillment of agreed-upon obligations.

Market Price

The going rate at which a service or an asset is available for buy or sell in the particular market.

Actual Price

The real, final amount paid for goods or services, including all discounts, charges, and taxes.