Which of the following is a characteristic of a sole proprietorship? It can sell ownership shares...
Which of the following is a characteristic of a sole proprietorship?
It can sell ownership shares to the public
It provides limited liability for its owners
It subjects its owners to double taxation
It is the easiest form of business to begin
Homework Answers
Characteristics of sole proprietorship are
sole proprietorship is the simplest and most flexible business structure
The sole proprietorship has total control and full decision making power over policies, profits and capital investment.
It is easy to close down the business
There is only one owner.
The ownership is personally liable for the business's debt and obligations.
So, Option '4' is correct answer.
It is the easiest form of business to begin
Add Answer to:
Which of the following is a characteristic of a sole
proprietorship?
It can sell ownership shares...
QUESTION 12 Which of the following is an advantage of the sole proprietorship? A. Limited liability...
QUESTION 12 Which of the following is an advantage of the sole proprietorship? A. Limited liability for its owner B. Double taxation on its owner C. No significant legal requirements for starting the business D. Ability to sell shares of ownership to the investing public QUESTION 7 6.25 points Save Answer Assume that a business has earned Net Income of $200,000 in a given year and that the corporate tax rate is 21%. Individuals are taxed at a rate of...
1)Which one of the following is a correct statement concerning a sole proprietorship? Select one: A....
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.
I need some clarification. Most American businesses are this form of business sole proprietorship Limited liability...
I need some clarification.
Most American businesses are this form of business sole proprietorship Limited liability encourages investors to invest large amounts of money in this form partnership of business It is argued that this form of business contributes the most to increases in the corporation nation's output (GDP) Ownership is distributed among a small number of people. This type of business is partnership subject to unlimited liability. corporation Shareholders are the owners of this form of business. Answer Bank...
Which of the following is an advantage of a sole proprietorship? a. Ease to sell business...
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 of the following is a characteristic of a sole proprietorship? O A. Can continue indefinitely...
Which of the following is a characteristic of a sole proprietorship? O A. Can continue indefinitely O B. Easy to form O C. Each stockholder acts as an owner of the company O D. Business owned by more than one person Click to select your answer.
I need help with the following questions in business economics. I am having trouble with them...
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1) Which of the following is true of sole proprietorship? a)They form the majority of all...
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Which of the following is a disadvantage of a sole proprietorship? Multiple Choice Entrenched management Double...
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Different forms of businesses have different characteristics. Which of the following characteristics would apply to a corporation?
4. Forms of business organizations Businesses can be classified into the following forms: sole proprietorship, partnership, corporation, limited liability company (LLC), and limited liability partnership (LLP) Different forms of businesses have different characteristics. Which of the following characteristics would apply to a corporation? Check all that apply. Owned by single individual Owners have limited liability Has unlimited life Chartered by a state and is its own legal entity separate and distinct from its owners and managers Easier to transfer ownership in the form of stock Exempt from double...
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QUESTION 12 Which of the following is an advantage of the sole proprietorship? A. Limited liability for its owner B. Double taxation on its owner C. No significant legal requirements for starting the business D. Ability to sell shares of ownership to the investing public QUESTION 7 6.25 points Save Answer Assume that a business has earned Net Income of $200,000 in a given year and that the corporate tax rate is 21%. Individuals are taxed at a rate of...
I need some clarification.
Most American businesses are this form of business sole proprietorship Limited liability encourages investors to invest large amounts of money in this form partnership of business It is argued that this form of business contributes the most to increases in the corporation nation's output (GDP) Ownership is distributed among a small number of people. This type of business is partnership subject to unlimited liability. corporation Shareholders are the owners of this form of business. Answer Bank...
Which of the following is a characteristic of a sole proprietorship? O A. Can continue indefinitely O B. Easy to form O C. Each stockholder acts as an owner of the company O D. Business owned by more than one person Click to select your answer.
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