Question 9 0.59 out of 0.59 points A sole proprietorship is a business owned by: Answers: Shareholders a. b. A bank C. An individual Question 10 0.59 out of 0.59 points The two types of business partnerships are: Answers: a. General and Limited Corporate and Individual b. Limited and Non-limited c. Question 11 0.59 out of 0.59 points Limited Liability Companies (LLCs): Answers: a. Must pay their investors dividends b. Protect the personal assets of the owners c. Have higher tax rates than a corporation Question 12 0.59 out of 0.59 points A corporation legally functions separate and apart from its owners. Answers: True False Question 13 0.59 out of 0.59 points Which of the following has the potential to raise the most capital for investments? Answers: A proprietorship a. A partnership b. A corporation C. Question 14 0.59 out of 0.59 points A corporation has: Answers: A limited life a. b. Personal liability for the owners c. Easy transferability of ownership through the buying and selling of stock