ACC 556

1. Corporations generally receive more favorable tax treatment than sole proprietorships and corporations. A. True B. False 2. Which is not one of the three forms of business organi zation? A. Sole proprietorship B. Creditorship C. Partnership D. Corporation 3. Which is an advantage of corporations relative to partnerships and sole proprietorships? A. Increased difficulty of raising funds B. Harder to transfer ownership C. Reduced legal liability for investors D. Most common form of organization...