Which of the following statements best describes firm organization?
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One of theadvantagesof acorporationis thatmanagers are always acting inthebest interests of the owners, rather than their own best interests.
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It is generallymore difficultto transfer one’s ownership interest in acorporation than in apartnership.
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One of the advantages of the corporate form of organization is thatits income is subject to only corporatetaxation, rather than being taxed as a part of the proprietor’s personal income.
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One of thedisadvantagesof asole proprietorshipis thatthe proprietor is exposed to unlimited liability.