1. All of the following are characteristics of a sole proprietorship except:
a. a business owned by one person.
b. owner has control of the business.
c. a separate legal entity.
d. small owner-operated business.
2. All of the following are characteristics of a corporation except:
a. a separate legal entity.
b. ownership evidenced by shares of stock.
c. produce eight times more revenue than sole proprietorships and partnerships in the United States.
d. owners have unlimited liability.
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question 1: correct option is: c. a separate legal... View the full answer
- can you tell me if the answer is C or D for question 2
- Oct 01, 2018 at 5:14pm
- the answer is D since for a corporation the owners have limited liability. Thanks for the correction
- Oct 01, 2018 at 9:21pm