Corporations and partnerships have an advantage over proprietorships because a sole proprietor is exposed to unlimited liability, but the liability of all investors in the other types of businesses is more limited. TrueFalse
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Corporations and partnerships have an advantage over proprietorships because a sole proprietor is exposed to unlimited liability, but the ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
A property is being appraised using the income capitalization approach. Annually, it has potential gross income of $40,000, vacancy and credit losses of $3,500, and operating expenses of $16,000.
Answers (2)
When a company offers additional compensation based on the contingency of certain goals being met by individual employees, this is referred to as?
Answers (1)
Mike used to work as a commercial painter for $40,000 per year but quit in order to start his own painting business.
Answers (1)
Which of the following statements describing tourism is incorrect? A) Services and tourism go hand in hand B) tourism rebound quickly from environment impact C) tourism is not sensitive to economic ups and downs D) tourism fits into 16 types of
Answers (1)
Which best explains why an author would include this passage as part of the conclusion of a story?
Answers (1)
New Questions in Business
GDP per person tells us the income and expenditure of theA. richest person in the economy. B. poorest person in the economy. C. entire economy. D. average person in the economy.
Answers (1)
The market for plywood is characterized by the following demand and supply equations: QD = 800 - 10P and QS = 50P - 1,000, where P is the price per sheet of plywood and Q measures the quantity of plywood.
Answers (1)
Lashondra is the owner/operator of an interior design firm. Last year she earned $400,000 in total revenue. Her explicit costs were $200,000 (assume that this amount represents the total opportunity cost of these resources).
Answers (1)
When the license of the sole proprietor is suspended for two years, what is the effect on the affiliated associate brokers?
Answers (1)
The Treasury Department auctioned $21 billion in 3-month bills in denominations of $10,000 at a discount rate of 4.965%. What would be the effective rate of interest? Round your answer to the nearest hundredth percent.
Answers (1)