In terms of organisational costs,which of the following sequences are generally correct,moving from lowest to highest cost?
A)General partnership,sole proprietorship,limited partnership,corporation
B)Sole proprietorship,general partnership,limited partnership,corporation
C)Corporation,limited partnership,general partnership,sole proprietorship
D)Sole proprietorship,general partnership,corporation,limited partnership

Question

Quizplus · Accepted Answer

Sole proprietorship and general partnership are the easiest and least expensive types of organisations to set up. Limited partnership and corporation are more complex and require more legal formalities, resulting in higher costs. Therefore, the sequence from lowest to highest cost would be: sole proprietorship, general partnership, limited partnership, corporation.

In Terms of Organisational Costs,which of the Following Sequences Are