A business is likely a sole proprietorship if:
A) it has two or more owners, with each owner liable for every other owner's actions.
B) it has only one owner who has unlimited liability.
C) it is legally treated as a person and owned by stockholders who are liable for the actions of the corporate "person."
D) multiple owners are liable only to the extent of their own investment.
Correct Answer:
Verified
Q64: A company that explicitly takes on a
Q65: One advantage of a partnership over a
Q66: Which of the following statements is correct?
A)
Q67: One advantage of a sole proprietorship over
Q68: One advantage of a partnership over a
Q70: One advantage of a corporation over a
Q71: The largest source of household income in
Q72: One advantage of a sole proprietorship over
Q73: Which group has ultimate control over the
Q74: A business is most likely to be
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents