A disadvantage of a corporation is
A) activities are limited to those stated in the charter.
B) unlimited liability for the firm's debts.
C) difficulty in obtaining capital.
D) limited continuity of the life of the enterprise.
Correct Answer:
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Q21: A partnership
A) is subject to a large
Q22: Entrepreneurs may obtain debt financing for specific
Q23: Growing too quickly may result in which
Q24: After a public offering
A) there is a
Q25: Pat and Jim are founding an entrepreneurial
Q27: Venture capitalists
A) manage pools of money.
B) provide
Q28: A corporation
A) is a legal entity separate
Q29: Which of the following is not an
Q30: Raising capital by selling securities on the
Q31: An early entrepreneurial venture that has the
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