How do a partnership and a corporation differ?
A) Partnerships have unlimited liability while corporations have limited liability.
B) Corporations can issue stocks and bonds, while partnerships cannot.
C) Corporations face more taxes than do partnerships.
D) All of these are differences between the two types of businesses.
Correct Answer:
Verified
Q23: Assume you set up a sole proprietorship
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Q26: What is the primary difference between a
Q27: Which of the following is not an
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
Q32: Which of the following statements is false?
A)Corporations
Q33: Who controls a partnership?
A)the owners
B)stockholders
C)bondholders
D)employees
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