Which of the following is a disadvantage of a sole proprietorship?
A) The owner is personally liable for the debts of the firm.
B) The firm is subject to double taxation.
C) The profits of the firm have to be shared between its members.
D) The costs of formation of the firm are more compared to other business forms.
Question 2 - What is a not-for-profit corporation? Discuss some of the similarities between not-for-profit corporations and for-profit corporations.
Question 3 - The amount of sentiment expressed by social media users
A) sentiment analysis.
B) mood indexing.
C) key performance indicator analysis.
D) quantitative social media measurement.
Question 4 - Usually, management sets employees' pay levels higher than at comparable firms.
Indicate whether the statement is true or false
Question 5 - Which of the following would be an example of a corporation?
A) Sparkles is a business firm owned by a single person who takes up complete liability for the business.
B) The owners of Octave Inc. are not personally responsible for the debts and obligations of the firm.
C) The profits earned by Luxe Clothing are legally considered as the income of the firm's owners.
D) The dissolution of Nutrimax Pizzas results in its owners having to repay the debts of the firm.
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