1.Relative to corporations, sole proprietorships are: a. more numerous and small

Question

1.Relative to corporations, sole proprietorships are:
a. more numerous and smaller in size.
b. less numerous and smaller in size.
c. more numerous and larger in size.
d. less numerous and larger in size.

2. One advantage of sole proprietorship over a partnership is:
a. direct control by the owner.
b. limited liability.
c. the ability to share the work risks of business
d. greater ease of obtaining financing.

3.One advantage of a corporation over a sole proprietorship is:
a. greater accountability.
b. avoidance of double taxation
c. ease of formation
d. greater ability to obtain funds

4.One advantage of a partnership over a sole proprietorship is:
a. greater accountability
b. limited liability
c. ease of formation
d. the ability to share the work and risks of business

Explanation / Answer

1.Relative to corporations, sole proprietorships are: a. more numerous and smaller in size. b. less numerous and smaller in size. c. more numerous and larger in size. d. less numerous and larger in size. 2. One advantage of sole proprietorship over a partnership is: a. direct control by the owner. b. limited liability. c. the ability to share the work risks of business d. greater ease of obtaining financing. 3.One advantage of a corporation over a sole proprietorship is: a. greater accountability. b. avoidance of double taxation c. ease of formation d. greater ability to obtain funds 4.One advantage of a partnership over a sole proprietorship is: a. greater accountability b. limited liability c. ease offormation d. the ability to share the work and risks of business

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