Business 100

QUESTION 18 Unlimited liability is when a sole proprietor is not personally liable for all debts incurred by the business. True False QUESTION 19 The most common form of business organization is the corporation. False QUESTION 20 Entrepreneurs have more than one goal for starting a business and becoming self-employed. Which of the following reasons isNOT mentioned in the text? to seek independence and be their own boss to earn a profit and have a comfortable iving the opportunity to grow and expand a current business to meet community or social obligations QUESTION 21 The owners of a corporation are the board of directors officers top managers