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correct answer is option C) unlimited liability
Unlimited life and unlimited access to capital is advantage and not dis advantage . Therefore answer is option c)
Which of the following is a disadvantage of a corporation? a. unlimited life b. unlimited access...
Which of the following is a disadvantage of a partnership when compared to a corporation? a. The partnership is easier to organize. b. The partnership is more likely to have a net loss. c. The partnership is less expensive to organize. O d. The partnership has unlimited liability.
Which of the following is a disadvantage of the company form of business? Select one: a. Its shareholders always have unlimited liability for debts incurred by the business. b. It has an unlimited life. c. It has the ability to raise large amounts of capital. d. It must comply with the Corporations Act 2001 and other legislation.
1. Which of the following statements is true? A. An advantage of a partnership is limited life. B. An advantage to a partnership is unlimited liability. C. A disadvantage of a partnership is that it is difficult to transfer ownership. D. A disadvantage to a partnership is double taxation. 2. Which of the following statements is true? A. A disadvantage of a corporation is limited liability. B. An advantage of a corporation is double taxation. C. An advantage of a...
which of the following is NOT a characteristic of a partnership? A. Unlimited liability B. Mutual Agency C. Co-ownership of property D. Unlimited life
Question 3 (10 points) Which one of the following would not be considered a disadvantage of th partnership form of qrganization? a) Limited life b) Unlimited liability Oc) Mutual agency d) Ease of formation
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....
Which of the following can be considered as a disadvantage of a corporation using debt financing? Select one: A. Regular interest and principal payments must be met. B. Too much debt may depress the firm's stock price. O C. Creditors may gain control of the corporation. D. All of the above can be disadvantages of debt financing.
Which of the following is a disadvantage of sole proprietor ownership? Ease and low cost of formation Freedom from government regulation All profits to the owner Unlimited liability Ease of dissolution
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2. A disadvantage to the sole proprietor form of business is a. Unlimited personal liability. b. Dual taxation. c. Unlimited life. d. Complex management structure. 4. The purchase of inventory on credit results in a journal entry that a. Debits cash. b. Credits accounts payable C. Debits accounts receivable d. Credits cash. 3. The account that a firm would not close at the end of an accounting period is a. Service revenues. b. Cost of goods sold. c. Accumulated...
Which of the following groups have unlimited access to the protected health information? Select one: a. Patients b. Students in training c. Physicians O d. Family members