This topic contains a solution. Click here to go to the answer

Author Question: A sole proprietorship is a form of business ownership in which: A) a business is considered a legal ... (Read 760 times)

ss2343

  • Hero Member
  • *****
  • Posts: 548
A sole proprietorship is a form of business ownership in which:
 A) a business is considered a legal entity that is separate from its owners.
  B) a single owner actively manages a company.
  C) two or more people act as co-owners of a company.
  D) the owners of a business are offered limited liability and flexible tax treatment.

Question 2

What is an owner of a corporation called? What is the difference between a closed corporation and an open corporation?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

macagn

  • Sr. Member
  • ****
  • Posts: 345
Answer to Question 1

B

Answer to Question 2

An owner of a corporation is a stockholder. A closed corporation is a corporation whose stock is owned by relatively few people and is not sold to the general public. An open corporation is one whose stock can be bought and sold by any individual.




ss2343

  • Member
  • Posts: 548
Reply 2 on: Jul 14, 2018
YES! Correct, THANKS for helping me on my review


bbburns21

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

Cyanide works by making the human body unable to use oxygen.

For a complete list of videos, visit our video library