One principal advantage of the corporations is that owners:
A. are sole proprietors.
B. are not taxed for income received.
C. have limited liability.
D. always control the company.
Answer: C
Economics
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A disadvantage of the corporate form of business organization is
A) double taxation. B) limited access to capital. C) that the corporation can only do business in the state where it was incorporated. D) unlimited liability for shareholders.
Economics
A worker who loses a job at a call center because the company moved the call center operations to another country is an example of:
A. Frictional unemployment B. Structural unemployment C. Cyclical unemployment D. Disguised unemployment
Economics