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Author Question: Which of the following statements best describes firm organization? (Read 58 times)

campbellfam07

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on: Aug 7, 2023
Which of the following statements best describes firm organization?

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One of the disadvantages of acorporationis that the owners haveunlimitedliability when the firm goes bankrupt, which means losses can exceed the actual funds invested.


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In a sole proprietorship, the proprietor has limited personal liability for the business’s debts and losses are limited to the money the proprietor invested in the business. 


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Sole proprietorships and partnerships generally have a tax advantage over corporations, especially large ones. 


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In both regularandlimitedpartnerships, all partners are liable for the debts of the partnership.

Financial Management: Theory and Practice ¦ Brigham, Ehrhardt, Gessaroli, Nason ¦ 4th Edition
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Marked as best answer by campbellfam07 on Aug 7, 2023

Sophia0717

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Reply #1 on: Aug 7, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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campbellfam07

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Reply 2 on: Aug 7, 2023
YES! Correct, THANKS for helping me on my review

diana chang

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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