As firms grow and their capital needs increase,they are more likely to become a
A)sole proprietorship.
B)general partnership.
C)limited partnership.
D)joint venture.
E)corporation.

Question

Quizplus · Accepted Answer

Corporations offer the advantage of limited liability, which is particularly important for firms with increasing capital needs. As such, as firms grow and their capital needs increase they are more likely to become a corporation.

As Firms Grow and Their Capital Needs Increase,they Are More