In the United States, there are three legal categories of firms: sole proprietorships, partnerships, and corporations. Which of the following is an advantage for corporations? A. Corporations have control by an owner. B. Corporations have no layers of management. c. Corporations have no double taxation of income. D. Corporations have greater ability to raise funds. O E. Corporations have unlimited personal liability. Which of the following is a disadvantage for corporations? A. Corporations have no stockholders. B. Corporations are costly to organize. c. Corporations have no ability to share risk. D. Corporations have unlimited personal liability. E. Corporations have limited ability to raise funds. O O O O O O O
In the United States, there are three legal categories of firms: sole proprietorships, partnerships, and corporations. Which of the following is an advantage for corporations? A. Corporations have control by an owner. B. Corporations have no layers of management. c. Corporations have no double taxation of income. D. Corporations have greater ability to raise funds. O E. Corporations have unlimited personal liability. Which of the following is a disadvantage for corporations? A. Corporations have no stockholders. B. Corporations are costly to organize. c. Corporations have no ability to share risk. D. Corporations have unlimited personal liability. E. Corporations have limited ability to raise funds. O O O O O O O
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:In the United States, there are three legal categories of firms: sole proprietorships, partnerships, and corporations.
Which of the following is an advantage for corporations?
O A. Corporations have control by an owner.
B. Corporations have no layers of management.
Oc. Corporations have no double taxation of income.
D. Corporations have greater ability to raise funds.
O E. Corporations have unlimited personal liability.
Which of the following is a disadvantage for corporations?
O A. Corporations have no stockholders.
B. Corporations are costly to organize.
c. Corporations have no ability to share risk.
D. Corporations have unlimited personal liability.
O E. Corporations have limited ability to raise funds.
O O O O
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