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Other Fields Homework Help Economics Topic started by: ashleykali00 on Feb 27, 2018



Title: Which of the following is a major advantage of the sole proprietorship?
Post by: ashleykali00 on Feb 27, 2018
Which of the following is a major advantage of the sole proprietorship?
 a. separation of ownership and control
  b. limited liability for business debt
  c. transferability of ownership and firm continuity over time
  d. ease of start-up
  e. ease of obtaining financing

QUESTION 2

A major disadvantage of the corporate form of business is limited liability.
 a. True
  b. False

QUESTION 3

The least common form of business organization in the United States is the partnership.
 a. True
  b. False

QUESTION 4

The most common form of business organization in the United States is the sole proprietorship.
 a. True
  b. False

QUESTION 5

A disadvantage of the corporate form of business organization is that corporate income is taxed twice.
 a. True
  b. False


Title: Which of the following is a major advantage of the sole proprietorship?
Post by: Henrina on Feb 27, 2018
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Title: Which of the following is a major advantage of the sole proprietorship?
Post by: ashleykali00 on Feb 27, 2018
Exactly what I needed for my quiz :D