An Advantage of a Corporation Is

question 207

Multiple Choice

An advantage of a corporation is

• A) the ability to raise large sums of financial capital.
• B) unlimited liability on the part of shareholders.
• C) the fact that ownership and control are never separated.
• D) the fact that the corporation is dissolved when one of its owners dies.

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Definitions:

Max Weber

A German sociologist, philosopher, and political economist known for his theories on the process of rationalization and his study of bureaucracy, authority, and religion's role in society.

Social Class

A division of society based on social and economic status.

Everyday Class Consciousness

Awareness of one’s own social status and that of others.

Wealthier Member

Refers to an individual or entity within a group or society possessing significantly more financial resources or wealth compared to the other members.