Question has more than one answer Which of the following sta

Question has more than one answer

Which of the following statements is incorrect concerning the various forms of business organizations? a. A corporation is a separated (from its owners) legal entity that has unlimited life. b. Unlike owners of corporations, general/master partner(s) as well as owners of sole proprietorships bear the risk of unlimited liabilities. c. In general, it is more challenging for a sole proprietorship to raise a large amount of external capital, say, billions of dollars, than a public corporation. d. A corporation is subjected to ethical/social responsibilities while other forms of organizations are exempted from such responsibilities due to their limited resources

Solution

The correct answer is option d.

Means option d is INCORRECT statement. Reason being ,the organizations other than corporation are not exempted from ethical and social responsibility just because of their limited resources.It is applicable to them as well on case to case.