/ Quiz /

Which of the following is an advantage corporations enjoy over partnerships?

  • Question 22a of 25 - Businesses and partnerships

  • Maximum Attempts: 1
  • Question Type: Multiple Choice
  • Maximum Score: 2
  • Question: Which of the following is an advantage corporations enjoy over partnerships?
  • Answers:
  1. Corporations involve less paperwork and fewer management fees.
  2. The taxes paid by a corporation are generally much smaller.
  3. The owners of a corporation don't have to work together to make all of the business decisions.
  4. Partnerships cannot protect their investors against being responsible for business debts.

The correct answer is: The owners of a corporation don't have to work together to make all of the business decisions. The stockholders of a corporation choose a board of directors to manage the daily business of the company.

      13 total views, 1 views today

Related quizzes


Leave a replyYour email address will not be published. Required fields are marked *