Which of the Following Could Be Described as Both an Advantage

question 113

Multiple Choice

Which of the following could be described as both an advantage and a disadvantage of incorporation?

• A)Continuous existence
• B)Limited liability
• C)Double taxation
• D)Lack of mutual agency

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Definitions:

Community Service

Volunteer work intended to help people in a particular area, often assigned by a court or used as a means to give back to the community.

Volunteer Work

Unpaid work done willingly by individuals to benefit others or contribute to a community or cause without financial compensation.

Placement Opportunities

Chances or prospects available for a person to find employment or gain a specific position in organizations.

Economic Downturn

A period when the economy slows down, marked by reduced industrial activity, consumer spending, and employment rates.