Types of Corporations and Their Structures

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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?

Its stockholders (or shareholders) (correct)

The CEO

The government

Its employees

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?

Cooperative (coop) Signup and view all the answers

In which business entity do shareholders have limited liability for the company's debts?

C Corporation Signup and view all the answers

Which form of business organization involves equitable growth across sectors?

Cooperatives (coops) Signup and view all the answers

What role do cooperatives play in the global business landscape?

Enhancing corporate restructuring Signup and view all the answers

Which specialized business entity offers tax benefits to its members?

(Cooperative) Coop Signup and view all the answers

What is the significance of partnerships and mergers for cooperatives?

Promoting corporate expansion Signup and view all the answers

What key aspect of cooperatives underscores their importance in the business landscape?

Fostering inclusivity and democratic decision-making Signup and view all the answers

Types of Corporations and Their Structures

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Questions and Answers

What is one of the chief advantages of forming a corporation?

Who owns a corporation?

What does double taxation mean for corporations?

What business model prioritizes shared ownership and democratic decision-making?

In which business entity do shareholders have limited liability for the company's debts?

Which form of business organization involves equitable growth across sectors?

What role do cooperatives play in the global business landscape?

Which specialized business entity offers tax benefits to its members?

What is the significance of partnerships and mergers for cooperatives?

What key aspect of cooperatives underscores their importance in the business landscape?

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