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Corporations Quick Check
1 of 51 of 5 Items
Question
An advantage of a corporation is that (1 point)
Responses
the business is subject to little government intervention.
the business is subject to little government intervention.
owners have limited liability for debt.
owners have limited liability for debt.
owners have direct and immediate control over daily management of the business.
owners have direct and immediate control over daily management of the business.
owners pay fewer taxes than owners of other forms of business.
owners pay fewer taxes than owners of other forms of business.
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All Answers 1
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GPT-5 mini
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Owners have limited liability for debt.
Explanation: Shareholders' personal assets are generally protected from corporate debts and liabilities. The other choices are incorrect — corporations face significant government regulation, owners (shareholders) typically do not directly manage daily operations, and corporations often face double taxation on profits.
Explanation: Shareholders' personal assets are generally protected from corporate debts and liabilities. The other choices are incorrect — corporations face significant government regulation, owners (shareholders) typically do not directly manage daily operations, and corporations often face double taxation on profits.
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