which if the following is a disadvantage of operating as a sole proprietorship?
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which if the following is a disadvantage of operating as a sole proprietorship?
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.
Which of the following is a disadvantage of a sole proprietorship? Multiple Choice Entrenched management Double taxation Personal liability Excessive regulation
1. Which of the following statements is true? A. An advantage to a sole proprietorship is the benefit from specialization. B. A disadvantage to a corporation is that individual investors have unlimited liability. C. A disadvantage to a sole proprietorship is that you must file corporate income tax. D. An advantage to a corporation is that it has unlimited life. 2. What is the primary goal of a corporation? A. Minimizing the market price. B. Maximizing current earnings per share....
1. Identify the major disadvantage of a sole proprietorship or a partnership. 2. How does a corporation differ from a partnership? 3. What conflicts exist when a Nico provides bonuses to physicians for providing fewer tests?
Which of the following is a major disadvantage of a sole proprietorship? Select the best choice below.) O A. Expensive to setup. O B. Agency problems. C. Joint liability. O D. Unlimited liability Homework: Chapter 1 End of Chapt Score: 0 of 1 pt Problem 1.LO4.25 (static) Who is responsible for hiring senior management and setting their compensation? Select the best choice below.) O A. Shareholders OB. CEO. O C. Board of Directors. O D. President. Click to select your...
2. Which of the following statements is true of a sole proprietorship? A) A sole proprietorship joins two or more individuals as co-owners. B) The sole proprietor is personally liable for the liabilities of the business. C) A sole proprietorship is taxed separately from the owner. D) A sole proprietorship has to pay business income taxes 3. Ten years ago a company purchased a building for $160,000. At that time, the company felt that the building was worth $185.000. The...
1)Which one of the following is a correct statement concerning a sole proprietorship? Select one: A. It may be difficult to transfer the ownership of a sole proprietorship. B. A sole proprietorship is relatively difficult to form. C. The losses incurred by a sole proprietor are limited to the amount invested in the firm. D. The profits earned by a sole proprietorship are subject to double taxation. E. A sole proprietorship is more highly regulated than a corporation.
What is a major disadvantage of a proprietorship? A major disadvantage of a proprietorship is that O A. the owner's entire wealth is at risk O B. the profits are taxed twice O C. the owner has limited liability OD. the firm has perpetual life Click to celert your newer and then click Check Answer
Which of the following is an advantage of a sole proprietorship? a. Ease to sell business assets b. Limited liability c. Business income is not subject to self-employment tax d. All of the above
Which one of the following statements is true? a. A sole proprietor has limited liability. b. A disadvantage of a sole proprietorship is double taxation. c. In a general partnership, partners face limited liability d. A disadvantage of a corporation is that complex management structure lead to slower and expensive decision-making. Which of the following is not a institutional shareholder of a corporation? a. Individual person. b. Corporation. c. Securities companies. d. Financial intermediary.