Business Review: Question Preview (ID: 13110)


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Which of the following types of business organizations does not have to pay tax
a) non profit corp b) c corp c) llc d) sole proprietorship
What are the people who own part of a corporation?
a) shareholders b) customers c) clients d) partners
what is the biggest disadvantage of a sole proprietorship?
a) high liability b) low liability c) high taxes d) amount of paperwork
which of the following does not involve paperwork to start the business?
a) sole proprietorship b) llc c) s corp d) municipal corporation
which of the following gives each partner equal liability
a) general partnership b) limited partnership c) d)
which of the following combines low taxes with low liability?
a) llc b) sole proprietorship c) partnership d) corporation
high taxes, low liability
a) corporation b) sole prop c) llc d) partnership
which of the following is used by cities?
a) municipal corp b) corp c) llc d) partnership
a business that you can own underneath a parent company is a
a) franchise b) general partnership c) corp d) llc
low taxes high liability
a) sole prop b) corp c) llc d) municipal corp
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