QUESTION 44 Which of the following forms of business ownership provides limited liability but is taxed like a partnership? O A cooperative A sole 0 A limited liability company AC corporation 0 A general partnership QUESTION 45 Which of the following is a corporation that provides a service, but is neither owned by the government nor focuses on earning profit O A nonprofit corporation O A C corporation O A government subsidiary O An S corporation QUESTION 46 Which of the following is a disadvantage of partnerships over sole proprietorships? Unlike sole proprietorships, partnerships do not face any regulatory controls that affect their activities. all owners have unlimited liability, whereas in sole proprietorships they have limited liability. 0 In sole proprietorships, the owners have access to more funds than in partnerships. Unlike a sole proprietorship, a partnership is terminated when a partner dies or withdraws. In partnerships, profits have to be shared, whereas in sole proprietorships all profits belong exclusively to the Qwner