Which one of the following statements is correct?

Question

Quizplus · Accepted Answer

Corporations can issue stocks and raise capital from a large number of investors, making it easier for them to raise funds compared to partnerships that rely on a smaller group of investors or partners. Option A is incorrect as the statement doesn't provide any evidence to support it. Option B is incorrect as corporate profits are taxed at the corporate level and then again when distributed to shareholders as dividends. Option D is incorrect as stockholders are exposed to potential losses if the value of their investment declines. Option E is incorrect as shareholders typically vote to elect the board of directors, who in turn select the corporate president.

Which One of the Following Statements Is Correct