Which of the following is a difference between corporations and partnerships?
a. Partnerships are subject to double taxation; corporations are not.
b. With partnerships, ownership rights are divisible and easily transferable; this is not true for corporations.
c. Corporate owners face limited liability; owners of partnerships do not.
d. Corporations always have more owners than partnerships.
C
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Expected real interest rates are the
A) interest rates quoted in the market plus the expected inflation rate. B) interest rates quoted in the market. C) expectations of future interest rates. D) interest rates quoted in the market minus the expected inflation rate.
If Apple's iTunes Music Store increases its "fee" for its music downloads, the law of demand predicts that
A) the number of iTunes music downloads would increase. B) there would be no change in the demand for iTunes music downloads. C) the number of iTunes music downloads would decrease. D) iTunes music supply would change but demand would not.