« previous next »

Author Question: Sole proprietors have _________ for the debts of their companies. A. no liability B. limited ... (Read 71 times)

clmills979

  • Hero Member
  • *****
  • Posts: 551
on: Jul 14, 2018
Sole proprietors have _________ for the debts of their companies.
  A. no liability
 
  B. limited liability
 
  C. unlimited liability
 
  D. shared liability
 Fill in the blank(s) with correct word

Question 2

Which of the following is an advantage of a sole proprietorship?
 A) The owner has unlimited liability.
  B) The business ceases to exist when the owner dies.
  C) There is a limit to the amount one person can borrow.
  D) Profits are taxed as individual income.
  E) The owner enjoys lack of continuity.


elyse44

  • Sr. Member
  • ****
  • Posts: 319
Reply #1 on: Jul 14, 2018
Answer to Question 1

unlimited liability

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

An individual's performance can be limited by environmental conditions, such as temperature. Ac An individual's performance can be limited by environmental conditions, such as temperature. Ac
Reaction limited by substrate concentration Reaction limited by substrate concentration
Two stubby screwdrivers used to access screws that have limited space above. A straight blade is on ... Two stubby screwdrivers used to access screws that have limited space above. A straight blade is on ...
(a) Varicella zoster virus recurring as shingles, a painful rash limited to an area enervated by 1 ... (a) Varicella zoster virus recurring as shingles, a painful rash limited to an area enervated by 1 ...
True Dover Sole True Dover Sole
Sam and Jen had a tax liability of 5,115 last year. They were entitled to tax credits of 112 ... Sam and Jen had a tax liability of 5,115 last year. They were entitled to tax credits of 112 ...
Video: Neuron structure and function - sensory neurons, association neurons & motor neurons

For a complete list of videos, visit our video library