QUESTION 7 Which of the following is normally considered a major disadvantage of the corporate form of business? O Unlimited liability of owners. O Difficult transfer of ownership. O Limitedlife. 0 Double taxation of earnings. QUESTION 8 To many business people, one of the major attractions of a sole proprietorship is: O the ability to obtain additional nancial resources. O the protection of limited liability. O an unlimited lifespan. O the chance to be their own boss