Multiple Choice
Which of the following is a disadvantage of the corporate form of business?
A) A corporation faces difficulty in attracting substantial amounts of funds.
B) The owners of a corporation are subject to unlimited personal liability for the business' debts.
C) Setting up a corporation is more complex and time-consuming than setting up a proprietorship or a partnership.
D) A corporation is said to have limited life.
E) Ownership interests cannot be transferred as easily as proprietorship or partnership interests.
Correct Answer:
Verified
Correct Answer:
Verified
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