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Which of the followings is correct? A sole proprietorship is an owner's only business Privately held corporations are allowed to have stockholders All choices are
Which of the followings is correct?
A sole proprietorship is an owner's only business
Privately held corporations are allowed to have stockholders
All choices are true
An agency conflict can arise when the agent of the firm is the sole owner of the firm
Limited liability means that the owner of a firm is responsible for paying all the bills of the firm in the event of a bankruptcy
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