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Questions and Answers
What is one of the chief advantages of forming a corporation?
What is one of the chief advantages of forming a corporation?
- Unlimited liability
- Automatic profit sharing
- Limited liability (correct)
- No need for a board of directors
Who owns a corporation?
Who owns a corporation?
- Its stockholders (or shareholders) (correct)
- The CEO
- The government
- Its employees
What does double taxation mean for corporations?
What does double taxation mean for corporations?
- Taxing profits twice
- A tax for international corporations
- Taxing profits and salaries
- Taxing profits, then dividends (correct)
What business model prioritizes shared ownership and democratic decision-making?
What business model prioritizes shared ownership and democratic decision-making?
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In which business entity do shareholders have limited liability for the company's debts?
In which business entity do shareholders have limited liability for the company's debts?
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Which form of business organization involves equitable growth across sectors?
Which form of business organization involves equitable growth across sectors?
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What role do cooperatives play in the global business landscape?
What role do cooperatives play in the global business landscape?
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Which specialized business entity offers tax benefits to its members?
Which specialized business entity offers tax benefits to its members?
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What is the significance of partnerships and mergers for cooperatives?
What is the significance of partnerships and mergers for cooperatives?
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What key aspect of cooperatives underscores their importance in the business landscape?
What key aspect of cooperatives underscores their importance in the business landscape?
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