A proprietorship is
A) a business with annual sales of less than $50,000 a year.
B) a business owned by one individual that employs 10 or fewer workers, and has been in business less than 15 years.
C) a business owned by one individual who receives the profits and is legally responsible for the debts of the firm.
D) a form of business in which the stock of the company is closely held by members of one family.
Correct Answer:
Verified
Q87: Which of the following is the most
Q88: Compared to a proprietorship, an advantage of
Q89: An advantage of proprietorships is
A) the ease
Q90: One advantage of a partnership is
A) lower
Q91: The disadvantages of proprietorships include
A) limited liability
Q93: One disadvantage of a partnership is
A) limited
Q94: Economic profit can be calculated as
A) total
Q95: A proprietorship is
A) two or more individuals
Q96: In a partnership, debts accumulated by one
Q97: In a partnership, legal responsibility for all
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