Multiple Choice
A business formed by two or more individuals who each have unlimited personal liability for all of the firm's debts is called a:
A) corporation.
B) sole proprietorship.
C) general partnership.
D) limited partnership.
E) limited liability company.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q1: Which one of the following statements concerning
Q2: One disadvantage of the corporate form of
Q4: A business owned by a single individual
Q5: The ultimate control of a corporation lies
Q6: A firm creates value by:<br>A)having a greater
Q7: Which of these have been cited as
Q8: Which one of the following statements is
Q9: Which one of these statements is correct?<br>A)Individuals
Q10: One advantage of a partnership is the:<br>A)personal
Q11: Which one of these is most apt