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Which is TRUE about business organizations?a.Corporate stockholders are exposed to unlimited liability.b.Due to limited liability, unlimited lives, and ease of ownership transfer, the vast majority of international businesses (in terms of the number of businesses) are organized as corporations, all governed by the same legal statutes.c.Most businesses (by number and total dollar sales) are organized as proprietorships or partnerships because it is easier to set up and operate one of these forms rather than as a corporation. However, if the business gets very large, it becomes advantageous to convert to a corporation, primarily because corporate earnings are only subject to taxation once, while earnings from proprietorships and partnerships are taxed twice.d.Due to legal considerations related to ownership transfers and limited liability, which affect the ability to attract capital, most business (measured by dollar sales) is conducted by corporations even though corporate earnings are subject to double taxation.e.Corporate earnings are only subject to taxation once, while proprietorship earnings are subject to double taxation.

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