ENTREPRENEURSHIP AND THE GLOBAL ECONOMY
GLOBALIZATION AND ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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corporations are easier to set up than sole proprietorships
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a limited partnership is a type of corporation
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corporations sell stock to raise money
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a cooperative is a type of corporation
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Detailed explanation-1: -The correct option is (c.) They are separate taxable entities. A corporation is separate from its owners, i.e., shareholders; it is a separate legal and taxable entity.
Detailed explanation-2: -Incorporation also makes it possible for businesses to raise funds by selling stock. This is a big advantage as a company grows and needs more funds to operate and compete. Depending on its size and financial strength, the corporation also has an advantage over other forms of business in getting bank loans.
Detailed explanation-3: -Answer and Explanation: The correct option is B, The board of directors sets policy for the corporation and appoints the officers.
Detailed explanation-4: -Answer: C. right to share in any remaining assets after creditors have been paid off, should the company cease operations.