Multiple Choice
This is not an advantage of a sole proprietorship:
A) Forming the company is easy and low cost.
B) The sole proprietorship is not responsible for the company's contracts or torts.
C) The sole proprietor makes all of the decisions.
D) The sole proprietor receives all of the profits.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: A partnership may exist:<br>A)For a fixed term.<br>B)For
Q3: The sole proprietor faces limited liability for
Q4: A corporation is the simplest form of
Q5: A business may be a (UPA)partnership if
Q6: A LLC can easily be sold or
Q7: Under RULPA,two or more persons must execute
Q8: The certificate of limited partnership must be
Q9: A business must meet how many criteria
Q10: Under the UPA,partners have joint and several
Q11: Business organizations include all but the following:<br>A)LLP.<br>B)LLC.<br>C)Free-association.<br>D)Sole