Purchase Solution

Corporate form of business organization

Not what you're looking for?

Ask Custom Question

7.Which of the following characteristics is most important factor contributing to the growth of the corporate form of business organization:

a. There is no distinction between the officers of the company and the owners of the company because they are one and the same.
b. Limited legal liability.
c. Profits are generally taxed only once.
d. Relatively simple legal structure
e. None of the above.

Purchase this Solution

Solution Summary

Answer to a multiple choice question on corporate form of business organization.

Solution Preview

Answer: b. Limited legal liability.

a) is incorrect. Large corporations have hundreds of thousands of shareholders and it will be impossible to have the "owners" manage the business directly. Thus ...

Purchase this Solution

Free BrainMass Quizzes
Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.