A sole proprietorship is typically a relatively small business because
A) its operations must stay within state borders
B) it is operated out of the proprietor's home
C) there are no employees, only working family members
D) there are no bank loans available for expansion
E) expansion often requires a partner or conversion to another form of business organization
Correct Answer:
Verified
Q45: Which of the following is an advantage
Q46: The major difference between partnerships and proprietorships
Q47: One of the reasons that successful proprietors
Q48: Ownership of a corporation is divided into
Q49: A corporate bond is issued when a
Q51: If two partners have a firm with
Q52: One of the costs of shifting from
Q53: A corporation is not
A) a legal identity
Q54: If a proprietorship converts to a corporation
Q55: If a corporation does not distribute profit
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