The Corporate Form of Ownership Has a Significant Advantage in That

question 84

Multiple Choice

The corporate form of ownership has a significant advantage in that:

• A)it is easy to transfer ownership.
• B)it has a lower tax rate than either partnerships or sole proprietorships.
• C)there is little cost to its formation.
• D)there is little regulatory oversight by the government.

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Definitions:

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of the good that sellers are willing to supply.

Upward Sloping

A term often used in economics to describe a curve or line that increases in height as it moves from left to right, indicative of a positive relationship between two variables.

Compact Disc

A physical medium for the storage and playback of digital audio and data, utilizing laser technology for reading and writing information.

Average Costs

Calculated by dividing the total cost of production by the quantity of output produced, indicating the cost per unit of output.