In general,all forms of business organization can be categorized based on the owners' responsibilities for the organization's liabilities,and _____.

Question

Quizplus · Accepted Answer

The owners' responsibilities for the organization's liabilities is a key factor in determining the type of business organization, but the other options listed are not significant factors in determining business organization. Meanwhile, the way a business is taxed (such as a pass-through entity or a corporation) is a major determining factor in business organization.

In General,all Forms of Business Organization Can Be Categorized Based