Multiple Choice
Match the term with its definition.
-A legal entity formed by two or more co-owners to operate a business for profit
A) advisory board
B) B corporation
C) C corporation
D) corporate charter
E) joint and several liability
F) partnership
G) professional corporation
H) S corporation (Subchapter S corporation)
I) unlimited liability
Correct Answer:
Verified
Correct Answer:
Verified
Q40: Reciprocation is<br>A) responding to competitor's marketing efforts.<br>B)
Q41: What is the principal advantage of an
Q42: As it relates to new businesses, one
Q43: Sometimes, small business board members are given
Q44: Which of the following legal forms allows
Q46: A professional corporation shields owners from one
Q47: Jay's Catering Company holds tasting events that
Q48: An ownership interest does not confer a
Q49: One benefit of an S corporation is
Q50: Vicenzo is the sole owner and manager