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8. Which of the statements below are true? a. The sole proprietorship and the partnership both feature unlimited liability. b. A corporation is the business
8. Which of the statements below are true? a. The sole proprietorship and the partnership both feature unlimited liability. b. A corporation is the business form that is typically the most complicated (legally) to establish. C. The corporation and the partnership both provide at least some owners with limited liability. d. all of the above are true 9. Advantages of the corporate form of business organization include: a. easier transfer of ownership b. double taxation c. minimal legal requirements d. none of the above 10. Which form of organization is free of initial legal requirements? a. sole proprietorship b. partnership C. corporation d. a and b 11. For these types of organization, no distinction is made between business and personal assets when it comes to creditors' claims: a. sole proprietorships b. partnerships C. corporations d. a and b = 12. Which of the following is the most important goal that a corporation should strive for? a. Maximize current profits. b. Maximize market share. C. Maximize revenue. d. Maximize shareholder wealth. 13. Which of the following forms of business organization limits the liability of owners? a. Sole proprietorship. b. Partnership. C. Corporation. d. All of the above. 14. Which of the following forms of business organization has the greatest ability to attract new capital? a. Sole proprietorship. b. Corporation. c. Partnership. d. None of the above
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