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All of the following are characteristics of a sole proprietorship except: a business owned by one person. owner has control of the business.

 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

2 comments
  • can you tell me if the answer is C or D for question 2
    • Norsuiza
    • Oct 01, 2018 at 5:14pm
  • the answer is D since for a corporation the owners have limited liability. Thanks for the correction
    • Smarwriter
    • Oct 01, 2018 at 9:21pm

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