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:

Continual Interaction

Ongoing reciprocal action or influence among entities or individuals, emphasizing the dynamic and persistent nature of engagement.

Raymond B. Cattell

A psychologist known for his work in personality, intelligence theory, and psychometrics.

Case-study Analysis

A research method involving the detailed examination of a single case or cases, typically to explore causation in order to find underlying principles.

Shared Environment

The environmental factors that individuals living together share, which can influence their development and behavior.