Author Question: Which form of business organization is the least common in the United States? a. sole ... (Read 114 times)

abern · **on:** Jul 1, 2018

Which form of business organization is the least common in the United States?
a. sole proprietorship
b. partnership
c. corporation
d. nonprofit organization
e. conglomerate

Question 2

Suppose you form a legal partnership with your best friend, and she purchases consulting services calling for a 100,000 fee. Your business is broke, and you never wanted the consultants to work for you -- only your partner did. For how much of this debt are you legally liable?
a. none of it
b. all of the 100,000
c. the proportion reflected by the proportion of the business owned
d. only an amount equal to the assets of the business
e. 50,000