Multiple Choice
Which one of the following statements concerning a sole proprietorship is correct?
A) A sole proprietorship is often structured as a limited liability company.
B) The owner of a sole proprietorship may be forced to sell personal assets to pay company debts.
C) The owners of a sole proprietorship share profits as established by the partnership agreement.
D) The profits of a sole proprietorship are taxed twice.
E) A sole proprietorship is difficult to create.
Correct Answer:
Verified
Correct Answer:
Verified
Q14: Sole proprietorships<br>A)are expensive to set up.<br>B)create unlimited
Q15: Which one of the following statements concerning
Q16: Capital structure refers to the<br>A)determination of the
Q16: The owners of a limited liability company
Q17: Which one of these parties cannot be
Q18: A business entity formed by two or
Q20: Which one of the following statements is
Q21: Since the implementation of Sarbanes-Oxley,the cost of
Q22: The primary goal of financial management is
Q23: Which form of business structure faces the