NO.PZ2023112701000005
问题如下：
Which of the following characteristics of a corporation most likely allows it to access capital more easily than other business structures?
选项：
A.The existence of a legal identity B.Taxation of distributions as personal income C.Separation between ownership and management解释：
Correct Answer: C
C is correct because the separation between ownership and management allows corporations to access capital more easily than other business structures because capital is the only requirement for owners to join the business. While more expensive to form and operate than other business structures, the corporate structure is typically preferred when capital requirements for a business overwhelm what could be raised by an individual or limited number of individuals.
A is incorrect because as far as the law is concerned, a corporation has many of the rights and responsibilities of an individual and can engage in many of the same activities. For example, a corporation can enter into contracts, hire employees, sue and be sued, borrow and lend money, make investments, and pay taxes. Furthermore, the separation of operating control from ownership enables the corporation to finance itself from a larger universe of potential investors who are not required to have expertise in operating the business. Thus, it is not the existence of a corporation's legal entity, but its separation between management and ownership that facilitates greater access to capital.
B is incorrect because in many countries, a tax disadvantage is associated with the corporate business structure because shareholders must pay a tax on distributions that have already been taxed at the corporate level. Despite this disadvantage, the corporate business structure remains attractive because corporations have the potential capability to raise large amounts of capital from a disparate group of investors. While shareholders may be taxed on distributions, owners in other business structures are taxed on profits, regardless of distribution.
a为什么错，c为什么对
