Solved

Margie Opened a Used Bookstore and Is Both the 100

Question 18

Multiple Choice

Margie opened a used bookstore and is both the 100 percent owner and the store's manager.Which type of business entity does Margie own if she is personally liable for all the store's debts?


A) Sole proprietorship
B) Limited partnership
C) Corporation
D) Joint stock company
E) General partnership

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q13: The primary goal of financial management is

Q14: Which one of the following best describes

Q15: A corporation:<br>A)is ultimately controlled by its board

Q16: Levi had an unexpected surprise when he

Q17: Corporate shareholders:<br>A)are proportionately liable for the firm's

Q19: Which one of the following parties can

Q20: Jamie is employed as a currency trader

Q21: The Sarbanes-Oxley Act of 2002 has:<br>A)reduced the

Q22: The potential conflict of interest between a

Q23: Which one of the following statements about