The most common type of firm in the United States is the
A) proprietorship.
B) partnership.
C) corporation.
D) limited partnership.
Correct Answer:
Verified
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
Q99: Accounting profit can be calculated as
A) total
Q100: The most common form of business organization,
Q101: Corporations account for
A) the largest proportion of
Q102: Limited liability is a characteristic of
A) partnerships
Q103: Comparing proprietorships with partnerships, which is TRUE?
A)
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