Which, if any, of the following statements is (are) correct?
1 C corporations have unlimited liability.
2 Sole proprietorships offer limited liability.
A. 1 only.
B. 2 only.
C. Both 1 and 2.
D. Neither 1 nor 2.
D. Neither 1 nor 2
Corporation have limited liability whereas the sole proprietorship offers unlimited liability
Which, if any, of the following statements is (are) correct? 1 C corporations have unlimited liability. 2 Sole proprieto...
Which of the following statements is CORRECT? a. Due to limited liability, unlimited lives, and ease of ownership transfer, the vast majority of U.S. businesses (in terms of number of businesses) are organized as corporations. b. Large corporations are taxed more favorably than proprietorships. c. Corporate stockholders are exposed to unlimited liability. d. Most businesses (by number and total dollar sales) are organized as proprietorships or partnerships because it is easier to set up and operate one of these forms...
Question Completion Status: QUESTION 4 Which of the following statements is CORRECT a. Corporations have unlimited liability. e b. Corporations are taxed more favorably than proprietorships e c. Because of their size, large corporations face fewer regulations than smaller corporations and proprietorships 孝d Bond covenants are designed to protect bondholders and to reduce potential con icts between stockholders and bondholders. e.Reducing the threat of corporate takeover increases the likelihood that managers will act in shareholders interests QUESTION S Which of...
Limited liability is an important feature of: a. corporations. b. partnerships. c. both partnerships and corporations d. sole proprietorships.
Which of the following statements is incorrect? Multiple Choice ( Partnerships have unlimited liability ) O Most sole proprietors raise money by borrowing from banks. 0 An advantage of sole proprietorships is that the owner has complete control. Scorporations are considered a hybrid organization.
1. In terms of sales, most sales come from... A. Sole Proprietorships B. Partnerships C. LLC/LLPs D. Corporations 2. Which of the following statements is true? A. An advantage to a proprietorship is limited life. B. An advantage to a proprietorship is unlimited liability. C. An advantage to a proprietorship is that there is a lot of regulatory compliance paperwork. D. An advantage to a proprietorship is that it is relatively easy to form.
Which of the following statements is CORRECT? a. Relative to sole proprietorships, corporations generally face fewer regulations, and they also find it easier to raise capital. Stockholders should generally be happier than bondholders to have managers invest in risky projects with high potential returns as opposed to safe projects with lower expected returns. There is no good reason to expect a firm's stockholders and bondholders to react differently to the types of assets in which it C. invests. Bondholders should...
Complete the following sentences. Owners of ______ have limited liability. A. partnerships and corporations B. partnerships, proprietorships, and corporations C. proprietorships and partnerships D. corporations In ______, retained profits are taxed twice. A.partnerships, proprietorships, and corporations B.proprietorships and partnerships C.corporations D.partnerships and corporations
1. Explain the concept of unlimited liability as it relates to sole proprietorships. 2. What is the most important difference (the defining features) between a cooperative and all other business structure types?
Which, if any, of the following statements is (are) correct? 1. The revocation of the right to use the CFP8 mark may last up to five years. 2. It is standard to publish revocations through a press release. (Points : 0.5) O A. 1 Only. O B. 2 Only. O C. Both 1 and 2. O Neither 1 nor 2.
Question 3 of 75. Which of the following is a disadvantage of operating as a sole proprietorship? O Sole proprietorships have complex legal and accounting requirements. The owner of a sole proprietorship generally carries unlimited liability for the debts and liabilities of the business O A sole proprietorship has limited flexibility in choosing a tax year. O A sole proprietorship may only use the accrual method of accounting.