Corporations are able to pursue opportunities that pay lower profit rates than those pursued by proprietorships and partnerships.
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Q1: Unlimited liability is a distinct advantage of
Q3: Corporate profits are taxed twice.
Q8: Owners of a corporation have limited liability
Q9: A corporation is the most preferable type
Q10: A corporation has greater access to capital
Q16: One disadvantage of corporations is the double
Q17: A corporation has legal status like an
Q19: The basic disadvantage of a proprietorship is
Q20: A partnership requires the agreement of most
Q40: Business firms are prohibited by law from
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