« previous next »

Author Question: Sole proprietors have _________ for the debts of their companies. A. no liability B. limited ... (Read 16 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?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

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
Biotechnology Companies and Fighting Cancer Biotechnology Companies and Fighting Cancer
Early in the twentieth century, when malnutrition was common, companies such as this one advertised Early in the twentieth century, when malnutrition was common, companies such as this one advertised
Sample Exercise Program for Limited Older Adults Sample Exercise Program for Limited Older Adults
Sample Exercise Program for Limited Older Adults (cont.) Sample Exercise Program for Limited Older Adults (cont.)
(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 ...
Video: Cell mediated immune response to a viral infection Animation

For a complete list of videos, visit our video library