What is the primary difference between a sole proprietorship and a partnership?
A) Proprietorships have unlimited liability while partnerships have limited liability.
B) Partnerships can issue stocks and bonds while proprietorships cannot.
C) Partnerships have more owners than do proprietorships.
D) There is no real difference between the two types of firms.
Correct Answer:
Verified
Q21: Of the different types of businesses, a
Q22: Which type of businesses earns the majority
Q23: Assume you set up a sole proprietorship
Q24: Before its IPO, Facebook was an example
Q25: Which is the least common type of
Q27: Which of the following is not an
Q28: How do a partnership and a corporation
Q29: Sole proprietorships are _ type of business.
A)the
Q30: Stockholders are the owners of which type
Q31: A firm in a market economy must
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents