MCQOPTIONS
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| 1. |
A business organized as a corporation |
| A. | Is owned by its stockholders |
| B. | Has tax advantages over a proprietorship or partnership |
| C. | Is not a separate legal entity in most states |
| D. | Requires that stockholders be personally liable for the debts of the business |
| Answer» B. Has tax advantages over a proprietorship or partnership | |