Which of the Following Are Advantages of the Corporate Form

question 30

Multiple Choice

Which of the following are advantages of the corporate form of business ownership?
I. limited liability for firm debt
II. double taxation
III. ability to raise capital
IV. unlimited firm life

• A) I and II only
• B) III and IV only
• C) I, II, and III only
• D) II, III, and IV only
• E) I, III, and IV only

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Definitions:

Output Changes

Variations in the level of production of goods and services in an economy over a specific period.

GDP Price Index

A measure that examines the average increase in prices for all goods and services produced in an economy, accounting for inflation or deflation.

Inflation Rate

The percentage increase in the general level of prices for goods and services over a specified period.

Chain-Weighted Indexes

Economic metrics that adjust the weighting of elements in an index to reflect changes in market or economic conditions over time.