Q19E_7 - Horngren'S Financial And Managerial Accounting

Question

Identifying advantages and disadvantages of a corporation

Following is a list of advantages and disadvantages of the corporate form of business. Identify each quality as either an advantage or a disadvantage.

g. Government regulation is expensive

Step-by-Step Solution

Answer

Government regulation for corporate is considered expensive and it is a disadvantage of a corporate.

Step 1: Basic Introduction

Government regulation of the U.S. economy has expanded enormously throughout the most recent century, prompting business complaints that interventions hinder growth and productivity.

Step 2: Identification of quality

Corporations and their representatives often revile government rules as irrational impediments to profits, job creation and economic efficiency. Government has passed several law for corporation regarding welfare of public in large also.