The type of business that can be operated suitably as a proprietorship is one that
A) requires a great amount of capital
B) usually does not provide personal services
C) usually operates on a large scale
D) can be managed by the proprietor or by persons hired by the proprietor
Correct Answer:
Verified
Q20: Approximately how many new businesses fail within
Q21: Which one of the following statements is
Q22: If assets are valued at $500,000 and
Q23: In a sole proprietorship,
A) creditors have first
Q24: One of the main reasons many proprietorships
Q26: An advantage of partnerships when compared to
Q27: In which type of partnership is the
Q28: In a limited partnership
A) all partners must
Q29: An official document giving power to run
Q30: A corporation is authorized to act as
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