Which of the following characteristics is an advantage of the corporate form of business?
A)less degree of government regulation
B)limited liability of stockholders
C)separation of ownership and management
D)low start-up costs

Question

Quizplus · Accepted Answer

Limited liability of stockholders is an advantage of the corporate form of business because it helps protect the personal assets of stockholders in case the corporation faces financial difficulties or is sued.

Which of the Following Characteristics Is an Advantage of the Corporate