What is an attractive benefit of a corporation?

Multiple Choice Corporations can enjoy double taxation. Corporations can be formed quickly and inexpensively. Corporations can protect their owners with unlimited liability. Corporations can attract employees by offering stock options.

Which statement about S corporations is most accurate?

Multiple Choice The major attraction of S corporations is that they avoid the problem of double taxation. S corporations are similar to C corporations, except that the majority of owners are foreign investors. Any corporation willing to pay the necessary fees and fill out the required paperwork can become an S corporation. Only large corporations with operations in more than one state can qualify to be classified as S corporations. An evaluation of franchising would conclude that this type of arrangement

Multiple Choice has become the dominant form of business organization in the United States because it has many advantages and almost no disadvantages. appeals to people who want to own a business, but are not comfortable starting a company from scratch. has a much higher risk of failure than independent companies. has little appeal outside the United States.

Which statement best summarizes the experience of U.S. franchisors in foreign countries?

Multiple Choice Very few U.S. franchisors of any size have had success in international markets. Large franchisors have had success in other nations, but newer and smaller franchisors have lacked the financial strength and reputation to succeed in global markets. The only nations in which U.S. franchisors have achieved any success are Great Britain and Mexico. Both large and small franchises have found success in foreign countries by providing convenience and a predictable level of service and quality.