Which of the Following Is an Advantage of Using a Company

question 37

Multiple Choice

Which of the following is an advantage of using a company as a business structure?

• A)Shareholders have limited liability for the debts of the company.
• B)Reporting requirements are minimal.
• C)Directors have limited liability for the actions of the company.
• D)Low establishment cost and ongoing fees.

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Definitions:

Creative Individuals

People who exhibit creativity and originality in their thoughts and actions, often contributing significantly to the arts, sciences, and other areas of human endeavor.

Bubonic Plague

A deadly infectious disease caused by the bacterium Yersinia pestis, historically resulting in several pandemics.

Natural Disaster

A sudden and extreme event in nature that causes significant damage or loss of life, such as an earthquake, flood, hurricane, or tornado.

Confraternities

Organizations, often religious in nature, formed for the purpose of promoting specific causes, engaging in community service, or participating in prayer and worship activities.