« previous next »

Author Question: In a sole proprietorship, the __________ is entitled to any profits made by the firm but is also ... (Read 7 times)

Cooldude101

  • Hero Member
  • *****
  • Posts: 557
on: Aug 3, 2018
In a sole proprietorship, the __________ is entitled to any profits made by the firm but is also personally liable for all of the firm's debts or obligations.
 
  a. Sole proprietor
  b. CEO
  c. Business manager
  d. Corporate head

Question 2

__________ is an individual's personal responsibility for the debts or obligations of a business, using the personal assets of the business owner, such as a home, bank accounts, or other property, to pay the business obligations.
 
  a. Corporate liability
  b. Personal liability
  c. Partnership liability
  d. Shareholder liability


Bison

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Aug 3, 2018
Answer to Question 1

A

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

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

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

California ground squirrel (Spermophilus beecheyi) in the man-made rocky shoreline of the Berkeley M California ground squirrel (Spermophilus beecheyi) in the man-made rocky shoreline of the Berkeley M
John Lewis Krimmel’s painting of the Fourth of July in Centre Square Philadelphia (1812) shows the d John Lewis Krimmel’s painting of the Fourth of July in Centre Square Philadelphia (1812) shows the d
When Union troops pushed toward Richmond in June of 1862, these slaves crossed the Rappahannock Rive When Union troops pushed toward Richmond in June of 1862, these slaves crossed the Rappahannock Rive
Glowing Base Of Tree Made By Arranging Leaves Glowing Base Of Tree Made By Arranging Leaves
Lemon Sole Lemon Sole
No payments were made on a $2,598 loan during its three-year term. What was the annually ... No payments were made on a $2,598 loan during its three-year term. What was the annually ...
Video: Erythropoietin (EPO)

For a complete list of videos, visit our video library