Which of the Following Is an Advantage of the Corporate

question 130

Multiple Choice

Which of the following 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:

Jurisdiction Issues

Challenges or questions that arise concerning the legal authority of a court to hear a case or the geographic area in which a court has authority.

Complicated

Characterized by difficulty; complex, involving many different and connected parts.

Limited Jurisdiction

The authority vested in certain courts to hear and decide only specific types of legal cases, often restricted by case type, monetary value, or geography.

Small Claims Court

A court that handles disputes involving a small amount of money, offering a quick and simple resolution process without the need for a lawyer.