1 Chapter 3 exactly how to form a service Pre-StudyQuiz #5 thing 3 how to kind a service Pre-Study

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2 1) The __________ is the many common form of business ownership.A. Cooperation B. Coporation, group C. Joint undertaking D. Sole proprietorship

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3 2) ____________ comprise around 20% of every businesses yet account for about 81% of U.S. Organization receipts. A. Corporations B. Partnerships C. Sole proprietorships D. Restricted liability providers

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4 3) To numerous businesspeople, among the major attractions of a single proprietorship is:A. The capability to obtain extr financial resources. B. The defense of limited liability. C. An endless lifespan. D. The opportunity to it is in their very own boss.

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5 4) among the significant disadvantages that a single proprietorship is the:A. Opportunity of arguments between owners. B. Limitless liability the owner has for the debts of the firm. C. Reality that any type of income earned by this type of company is taxation twice. D. High cost of beginning or finishing the company.

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6 5) beginning a brand-new business as a sole proprietorship:A. Needs retaining the services of one attorney. B. Is simple, however the proprietorship fees is very expensive in some states. C. Is generally simpler and less high-quality than beginning other forms of ownership. D.


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Is very similar to starting a company as a corporation.

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