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All of the following statements about business organizations are true EXCEPT: A. The owners of a corporation have unlimited liability for the debts of the
All of the following statements about business organizations are true EXCEPT: A. The owners of a corporation have unlimited liability for the debts of the organization. B. Continuity (continuing operations of the business when an owner dies) is a disadvantage of proprietorships relative to corporations. C. Access to capital is an advantage of corporations over proprietorships and partnerships. D. Partnerships have multiple individual owners.
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