Which of These Is a Disadvantage of a Corporation

question 63

Multiple Choice

Which of these is a disadvantage of a corporation?

• A) It incurs relatively high incorporation fees and high taxes.
• B) It requires its owners to have unlimited liability to the firm's debt.
• C) It is considered a separate,legal entity from its owner.
• D) It is automatically terminated upon the death of its owner.

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Definitions:

Emissions

The release of pollutants into the air, including those from industrial processes, transportation, and other sources that can harm human health and the environment.

Production Process

A set of operational activities and tasks involved in the conversion of raw materials into finished products or services.

Local Iron Ore

Iron ore mined within a specific geographic area, typically used in steel production within the same region to reduce transportation costs and support local industries.

Cradle to Cradle

A design philosophy that encourages the creation of products with lifecycle considerations, aiming for sustainability and minimal environmental impact.