Multiple Choice
A difference between a proprietorship and a partnership is that
A) a proprietorship is easy to form while a partnership is hard to form.
B) a proprietorship has only one owner while a partnership has only two owners.
C) a partnership allows for specialization while a proprietorship does not.
D) the profits in a proprietorship are taxed only once while in a partnership they are taxed twice.
Correct Answer:
Verified
Correct Answer:
Verified
Q325: When economic profits are positive, accounting profits<br>A)
Q326: All of the following are advantages of
Q327: Suppose that during a given time period
Q328: A payment to an owner of a
Q329: It is likely that the owners have
Q331: The funds used to purchase capital goods
Q332: Economic profit is<br>A) total revenue × (explicit
Q333: Suppose that the implicit cost for a
Q334: Businesses go to credit markets in order
Q335: Comparing proprietorships with partnerships, which is TRUE?<br>A)