Which of the Following Is Not an Advantage of Incorporation

question 20

Multiple Choice

Which of the following is not an advantage of incorporation?

• A) There may be tax advantages.
• B) Shareholders can veto decisions of directors.
• C) Shareholders are not liable for debts of the corporation.
• D) Shareholders owe no duty to the corporation.
• E) Shares are easily transferred.

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Definitions:

Myth Of Superabundance

The belief that natural resources are unlimited and can support endless growth and consumption, which is now widely recognized as unsustainable due to finite resource availability.

Early Colonists

The first group of settlers or inhabitants in a new area, establishing a colony.

Spaceship-Earth

A metaphorical concept suggesting that Earth is like a spacecraft with limited resources that must be shared and protected by its inhabitants.