PTS:1REF:p. 235OBJ:8-2 TYPE: C
Get answer to your question and much more
NAT:Analytic | Ethical and Legal9.Max chose to operate his production studio as a sole proprietorship even though his attorney cautionedthat he wasa.reducing its overall profit potential.b.increasing his taxable income.c.exposing himself to unlimited personal liability.d.violating an existing partnership agreement.ANS:CPTS:1REF:p. 235OBJ:8-2 TYPE: A
NAT:Analytic | Ethical and Legal10.Which legal form allows owners to contribute no capital but still play a part in managing the businessand share in its profits?PTS:1REF:p. 236OBJ:8-2 TYPE: D
Get answer to your question and much more
NAT:Analytic | Ethical and Legal11.Which group best defines a partnership?PTS:1REF:p. 236OBJ:8-2 TYPE: A
Get answer to your question and much more
NAT:Analytic | Ethical and Legal