Answer: False
Explanation:
While Proprietorship do indeed have the tax advantage of not having to pay Corporate income tax, the same cannot be said for the ease at which they can raise capital.
In general, Proprietorships find it hard to raise capital as investors will be worried of investing into a one person run operation. They would rather prefer that their investments were protected by the law and that the company had enough experienced people on board as well which is why they would prefer a Corporation.
Even getting loans as a Proprietorship can be hard because banks will set a high rate for the business to cater for a default risk.
The first way to use credit wisely is to pay back the credit company on time. the second way to use credit wisely is to not overspend.
Answer: Option D
Explanation: In simple words, corporate identity refers to the way in which a business corporation shows themselves to their stakeholders such as customers, investors etc. Many tools such as branding and advertising is used to develop a face for the company in the form of a perception or idea.
This perception and idea settles the image of the company in the eyes of the customer.
Hence from the above we can conclude that the correct option is D.
Rejected. As the damaged packaging, and lack of label, show it may have been opened and contaminated.
