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An advantage of a Partnership is:
What is owned vs. what is owed
Standards of moral conduct that individuals & groups set for themselves, defining behavior
Illness, lack of abilities and skills, and the Owner bears all losses
Those to whom money is owed
All of these
Credit position improved AND Less tax burden than corporations
Sharing in society’s problems and helping to solve them
Disagreement could arise among partners
Ethics is:
What is owned vs. what is owed
Standards of moral conduct that individuals & groups set for themselves, defining behavior
Illness, lack of abilities and skills, and the Owner bears all losses
Those to whom money is owed
All of these
Credit position improved AND Less tax burden than corporations
Sharing in society’s problems and helping to solve them
Disagreement could arise among partners
A creditor is:
What is owned vs. what is owed
Standards of moral conduct that individuals & groups set for themselves, defining behavior
Illness, lack of abilities and skills, and the Owner bears all losses
Those to whom money is owed
All of these
Credit position improved AND Less tax burden than corporations
Sharing in society’s problems and helping to solve them
Disagreement could arise among partners
A characteristic of an entrepreneur is:
What is owned vs. what is owed
Standards of moral conduct that individuals & groups set for themselves, defining behavior
Illness, lack of abilities and skills, and the Owner bears all losses
Those to whom money is owed
All of these
Credit position improved AND Less tax burden than corporations
Sharing in society’s problems and helping to solve them
Disagreement could arise among partners
A disadvantage of a partnership is:
What is owned vs. what is owed
Standards of moral conduct that individuals & groups set for themselves, defining behavior
Illness, lack of abilities and skills, and the Owner bears all losses
Those to whom money is owed
All of these
Credit position improved AND Less tax burden than corporations
Sharing in society’s problems and helping to solve them
Disagreement could arise among partners
Social responsibility means:
What is owned vs. what is owed
Standards of moral conduct that individuals & groups set for themselves, defining behavior
Illness, lack of abilities and skills, and the Owner bears all losses
Those to whom money is owed
All of these
Credit position improved AND Less tax burden than corporations
Sharing in society’s problems and helping to solve them
Disagreement could arise among partners
A disadvantage of a Proprietorship is:
What is owned vs. what is owed
Standards of moral conduct that individuals & groups set for themselves, defining behavior
Illness, lack of abilities and skills, and the Owner bears all losses
Those to whom money is owed
All of these
Credit position improved AND Less tax burden than corporations
Sharing in society’s problems and helping to solve them
Disagreement could arise among partners
A balance sheet contains:
What is owned vs. what is owed
Standards of moral conduct that individuals & groups set for themselves, defining behavior
Illness, lack of abilities and skills, and the Owner bears all losses
Those to whom money is owed
All of these
Credit position improved AND Less tax burden than corporations
Sharing in society’s problems and helping to solve them
Disagreement could arise among partners
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