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Tami opened an auto body shop after repairing a couple of cars to the high satisfaction of customers. She has experienced which ADVANTAGE over a corporation?
Partnership
Ease of formation
control of decisions.
Single taxation
Partnership
Limited liability
potential of unlimited life.
Corporation
Todd prefers business ownership that will not require his attention to daily activities. He chose this form of ownership over sole proprietorship because of
Partnership
Ease of formation
control of decisions.
Single taxation
Partnership
Limited liability
potential of unlimited life.
Corporation
Carlos ignores minor decisions in his business even though his name is on the sign as one of the owners. This is an example of what type of business ownership?
Partnership
Ease of formation
control of decisions.
Single taxation
Partnership
Limited liability
potential of unlimited life.
Corporation
Mary owns stock for several companies, which she plans to pass ownership to her grandchildren. She chose this form of ownership over sole proprietorship because of the ADVANTAGE of
Partnership
Ease of formation
control of decisions.
Single taxation
Partnership
Limited liability
potential of unlimited life.
Corporation
Tami wants to invest money in shares of stock. She would have to pay taxes on her earnings twice. Which is an ADVANTAGE of a sole proprietorship over a corporation?
Partnership
Ease of formation
control of decisions.
Single taxation
Partnership
Limited liability
potential of unlimited life.
Corporation
Tami prefers working alone in her auto body shop and being in control of the daily activities. This type of business ownership ADVANTAGE over corporation is:
Partnership
Ease of formation
control of decisions.
Single taxation
Partnership
Limited liability
potential of unlimited life.
Corporation
Even though a company may sell shares of stock, it relies on a central body of people for financial directions. This is an example of what type of business?
Partnership
Ease of formation
control of decisions.
Single taxation
Partnership
Limited liability
potential of unlimited life.
Corporation
Hank has ownership, even without liability over his initial investment, along with George for a local business. This is an example of what type of business ownership?
Partnership
Ease of formation
control of decisions.
Single taxation
Partnership
Limited liability
potential of unlimited life.
Corporation
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