Tara Brtek Owns and Operates the Singing Pig Food Company

question 116

Multiple Choice

Tara Brtek owns and operates the Singing Pig Food Company.Brtek makes and markets 20 different gourmet mustards,salsas,marinades,and dip mixes using its crooning pig logo.Brtek has been thinking about changing her sole proprietorship to a corporation so she can take advantage of which of the following?

• A) Corporations have an enhanced ability to attract financing.
• B) Corporations have fewer government restrictions and regulations.
• C) Corporations pay lower and fewer taxes.
• D) Corporations have guaranteed loans for expansion.

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Definitions:

Meritocracy

A societal system in which advancement and rewards are based on individual ability and achievement rather than on class privilege or wealth.

Wealth

The abundance of valuable resources or material possessions, or the control of such assets.

Prestige

The respect and admiration that an individual, role, or occupation holds in society, often based on perceived success or expertise.

Functionalist

A perspective in sociology that views society as a complex system whose parts work together to promote solidarity and stability.