One of the disadvantages of owning a corporation is thatMultiple ChoiceOyou will likely experience personality conflicts or other disagreements among partners.you must publicly disclose financial information.you will need discipline, putting the company's needs before your own desires.may have limited financial resources and few fringe benefits.creditors will not be able to hold you personally responsible for the corporation's debts.

The correct answer is:b. You must publicly disclose financial information.Owning a corporation often…

Answered: One of the disadvantages of owning a…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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24
Shareholders have numerous ways they can pressure firms to change their behavior – one of which is shareholder proposals. Shareholder activists use proposals to pressure firms in a variety of areas. Choose a company that you would like to see change their practices or strategy in some way. In the form of a letter, write a brief proposal outlining your request to the company (this should be addressed to the company leaders/board of directors).
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One of the disadvantages of owning a corporation is that Multiple Choice O you will likely experience personality conflicts or other disagreements among partners. you must publicly disclose financial information.