Which of the Following Statements Is Correct

question 114

Multiple Choice

Which of the following statements is correct?

• A) An S corporation has a greater opportunity to raise capital than does an C corporation.
• B) A general partnership has a greater opportunity to raise capital than does a limited partnership.
• C) A partnership has a greater opportunity to raise capital than does a sole proprietorship.
• D) Only a. and b. are correct.
• E) a., b., and c. are correct.

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Definitions:

Economic Growth

An increase in the production of goods and services in an economy over a period of time, often measured by GDP.

Simon Kuznets

Simon Kuznets was a Nobel Prize-winning economist known for his work on economic growth and for developing the concept of Gross National Product (GNP).

Quality of Inputs

The standard or grade of raw materials and labor used in the production process, influencing the efficiency and outputs.

Standard of Living

A measure of the wealth, comfort, material goods, and necessities available to a certain socioeconomic class or geographic area.