A proprietorship is
A) two or more individuals in business together.
B) a corporation that is taxed like an individual.
C) a business owned by one individual who makes all of the decisions.
D) a government-owned franchise.
Correct Answer:
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Q90: One advantage of a partnership is
A) lower
Q91: The disadvantages of proprietorships include
A) limited liability
Q92: A proprietorship is
A) a business with annual
Q93: One disadvantage of a partnership is
A) limited
Q94: Economic profit can be calculated as
A) total
Q96: In a partnership, debts accumulated by one
Q97: In a partnership, legal responsibility for all
Q98: The most common type of firm in
Q99: Accounting profit can be calculated as
A) total
Q100: The most common form of business organization,
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