Which of the Following Is Normally Considered a Disadvantage of the Corporate

question 216

Multiple Choice

Which of the following is normally considered a disadvantage of the corporate form of business?

• A) Unlimited liability of owners
• B) Difficult transfer of ownership
• C) Limited life
• D) Double taxation of earnings

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Definitions:

Password

A secret word or phrase used to authenticate or gain access to a resource.

Budget

A plan for managing income and expenditure over a specific period.

Substantial Income

A significant amount of money earned, usually enough to support a high standard of living or fulfill financial goals.

Compounded Semiannually

The process of calculating interest on both the initial principal and the accumulated interest from previous periods twice a year.