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ahyukj ahyukj
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A year ago
Which of the following statements best describes firm organization?


▸

One of the disadvantages of acorporationis that the owners haveunlimitedliability when the firm goes bankrupt, which means losses can exceed the actual funds invested.



▸

In a sole proprietorship, the proprietor has limited personal liability for the business’s debts and losses are limited to the money the proprietor invested in the business. 



▸

Sole proprietorships and partnerships generally have a tax advantage over corporations, especially large ones. 



▸

In both regularandlimitedpartnerships, all partners are liable for the debts of the partnership.

Textbook 
Financial Management: Theory and Practice

Financial Management: Theory and Practice


Edition: 4th
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KocojdaKocojda
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A year ago
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ahyukj Author
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A year ago
Thanks
Danivalda
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Yesterday
Smart ... Thanks!
Ctownsend
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2 hours ago
This site is awesome
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