International Business and Corporate Ownership Quiz
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Questions and Answers

What is a key feature of a corporation that provides protection to owners from personal liability?

  • Limited Liability (correct)
  • Shared Liability
  • Joint Liability
  • Unlimited Liability

    • How are corporate income taxes typically compared to individual income taxes?

  • Capped at a lower rate (correct)
  • Exempted from taxation
  • The same as individual income taxes
  • Higher than individual income taxes

    • What method does a corporation use to raise funds by selling ownership in the company?

  • Equity Financing (correct)
  • Crowdfunding
  • Debt Financing
  • Venture Capital

    • What is the primary reason for registering a legal entity separate from the owners to do business?

    <p>Limited Liability</p> Signup and view all the answers

    What is the term for a registered legal entity that is separate from the owners?

    <p>Corporation</p> Signup and view all the answers

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