Sole proprietors and partnerships share the characteristic of
A) the ability to raise large amounts of capital.
B) unlimited liability.
C) being difficult to establish.
D) issuing stock.
Correct Answer:
Verified
Q2: A firm is an economic institution that
Q3: Which goal BEST explains why entrepreneurs seek
Q4: _ possess most of the legal rights
Q5: Jim Delaney employs five people to make
Q6: Which statement regarding American businesses is TRUE?
A)
Q8: _ are more numerous, but _ sell
Q9: Which is an advantage of owning a
Q10: The characteristic of a corporation that MOST
Q11: Limited liability is important in encouraging business
Q12: How are corporations different from partnerships?
A) Corporations
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