Author Question: An example of a business organization that is formed to make a profit is a a. municipal corporation. ... (Read 106 times)

ghost! · **on:** Jun 24, 2018

An example of a business organization that is formed to make a profit is a
a. municipal corporation.
b. nonprofit corporation.
c. multinational corporation.
d. cooperative.

Question 2

Unlimited liability means that
a. if a sole proprietorship fails, the business's creditors may force the owner to sell personal property, such as a house and car, to pay the amounts owed.
b. each partner in a partnership may independently make decisions affecting the partnership.
c. all stockholders who own shares of a corporation vote on who will manage the corporation.
d. none of the above