A primary disadvantage of the corporate form of organization is:
A. Unlimited personal liability for business debts.
B. Ownership is difficult to transfer.
C. Corporate earnings are subject to double taxation.
D. Management is separated from ownership.
Answer:C
A primary disadvantage of the corporate form of organization is:
A. Unlimited personal liability for business debts. B. Ownership is difficult to transfer. C. Corporate earnings are subject to double taxation. D. Management is separated from ownership.